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Author Topic: tax claims  (Read 1511 times)

Amalia

  • Jr. Member
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  • Posts: 52
tax claims
« on: 12 July 2010, 11:00:57 am »
hi there,

I was wondering if any of you have ever claimed any  of the expences back at the end of the tax year.
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strawberry

  • Guest
Re: tax claims
« Reply #1 on: 12 July 2010, 11:12:22 am »
You enter expenses onto you SA100 self-assessment forms along with your income. They subtract your expenses from your gross income and tax the remainder.

Yes I do it every year.
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Amalia

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  • Posts: 52
Re: tax claims
« Reply #2 on: 12 July 2010, 11:41:20 am »
What kind of thing do you claim?? And you you keep all the receipts??
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strawberry

  • Guest
Re: tax claims
« Reply #3 on: 12 July 2010, 12:18:53 pm »
Anything essential for your line of work such as;

Condoms
Lube
Toys
Lingerie
Petrol(or mileage)
Hotels
Also you can claim a portion or all of your rent, water, electricity, gas, council tax depending upon your incall arrangements
Food away from home
Advertising
Internet access

Yes you keep the receipts as proof incase you are ever investigated or asked to prove things.
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Simone

  • Sr. Member
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  • Posts: 434
Re: tax claims
« Reply #4 on: 12 July 2010, 02:40:42 pm »
Yes definately keep hold of all your receipts. If you wanted to you could be very anal about it like me and keep a file with envelopes for every month in it. Store your receipts in there and they cant get lost or mixed up.
Make sure you claim back for every little thing you are entitled too as it will really make a difference in your tax bill. Last year i looked at what my tax bill would have been had i not claimed my expenses and it would have been almost 2 grand more!
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Amalia

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  • Posts: 52
Re: tax claims
« Reply #5 on: 12 July 2010, 03:53:54 pm »
thanks a lot ladies.... wasnt sure and the posts really help, and i cant believe how much it can change the taxbill...
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LauraLee

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  • Posts: 216
Re: tax claims
« Reply #6 on: 12 July 2010, 08:47:57 pm »
Quote from: Emma86 on 12 July 2010, 03:53:54 pm
thanks a lot ladies.... wasnt sure and the posts really help, and i cant believe how much it can change the taxbill...

It sure does. Remember also that you can make a small claim for using your home as an office.  ;)

http://www.hmrc.gov.uk/selfemployed/index.shtml
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James_Accountant

  • Jr. Member
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  • Posts: 17
Re: tax claims
« Reply #7 on: 15 July 2010, 01:49:15 pm »
Quote from: Amalia on 12 July 2010, 03:53:54 pm
thanks a lot ladies.... wasnt sure and the posts really help, and i cant believe how much it can change the taxbill...

Yes, it can make a MASSIVE difference claiming all your expenses.
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