What hairdressers can claim as a tax deduction

By: Mike Parkes

Date: 23 October 2017

What hairdressers can claim as a tax deductionHairdressers and barbers know when their clients need a trim. The same might not be said, however, of their own finances - especially when calculating their tax bill.

If you're a self-employed hairdresser and you want to protect your take-home pay, it's vital to be aware of the tax deductions available when filing your tax return.

So, what can hairdressers claim on tax? Here's a quick but comprehensive analysis of what's allowable on your self-assessment tax return:

Chair hire

Many self-employed hairdressers shy away from the responsibilities of a full-time salon, yet want the security of a physical HQ they can operate within. To solve this problem, you can hire a chair. HMRC looks kindly on expense claims for renting a chair on a hair/beauty premises. Complications could arise when you enter an agreement demanding a set percentage of your income each month; that's when record-keeping becomes more essential than ever.

Training fees

A hairdresser must keep their finger on the pulse of the profession, learning new techniques such as colouring, cuts and textural finishes. Save the receipts you accrue for training courses, as well as the overnight accommodation and travel costs that go with them – they are an investment that directly affects your earning potential.

Industry registration

Are you a member of a hairdressing association? What about the costs of keeping up with trade insights in magazines, peer-to-peer reports or at exhibitions? HMRC will deduct these resources from your tax bill, providing they have been legitimised in some capacity.

Equipment and uniform

The hairdresser's kit can be extensive – scissors, straighteners, curling tongs, razors, clippers, gel, hairspray and any number of other specialised tools. There are also repairs to pay for. Any uniform you wear – either as a solo practitioner or the head of a workforce – can also be claimed for, as long as it's only used on the job.

Marketing costs

It's foolhardy to launch a business without a promotional strategy. Self-employed hairdresser tax deductions include any marketing costs, from investing in a website and social media, to physical branding (such as flyers, vehicle designs and professional stationery). Paid-for ads also fall into this bracket, such as those you might use for a local Google AdWords campaign.

Sponsored post. Copyright © 2017 Mike Parkes, technical director, GoSimple Software.

Special offer for Donut readers

Go Simple software allows you to track, calculate and compile all self-employed tax deductions over the financial year, ensuring you pay HMRC not a penny more than you owe. Donut readers can get 15% off the Go Simple Gold package - so you can calculate and submit your tax return with ease for only £25.50 per year.