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What counts as Business income & expenditure?

Any money taken by the business is classed as income. This may include sales, tips/commissions, business start up allowances etc. However it will not include sums of capital paid into the business such as a business loan from the bank.

Only expenses that are wholly incurred for the purposes of running the business, which the council considers to be reasonable, will be deducted from the gross income figure.

Some examples of allowable expenses are:

  • Telephone
  • Advertising
  • Postage & stationery
  • Legal & accountancy fees
  • Purchase of stocks & supplies
  • Business motoring expenses

Some examples of non-allowable expenses are:

  • Business entertainment
  • Depreciation
  • Purchases to set up or expand the business
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Email: benefits@north-norfolk.gov.uk