Omitting low-cost expenses adds up to £239 million a year

According to a study from software provider ‘FreeAgent’, small businesses across the UK are losing out on a collective £239 million each year by failing to submit expense claims of less that £10.  Using a sample of 2.5 million expenses submitted by its customers, ‘FreeAgent’ found the average micro-business owner had around £216 worth of expenses with an individual value of less that £10.

Using the results of an earlier survey of web professionals where 22% said they didn’t think it was worth claiming anything costing £10 or less – the newer study projected across the UK’s estimated 5 million small business to reach it total.

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