when I'm on tour i chuck all my receipts from the hotel and travel into a little plastic bag and then keep all my tax stuff in a big pink box with all my books

That's amazing - my receipts box file is also pink! 
(So is my appointments book!)

It's up to you what you describe your business as.

I'm going for "Consultant" this year.

And just to save time:

You may claim tax relief against any expense which is incurred wholly and exclusively in the running of your business, and this includes condoms (which are as much protective clothing as anything else), lube, sex toys, hosiery and clothing provided they're used/worn only for work, hotels and travel expenses and all the rest.

What you put on your form is up to you, but as Kay has said, nobody really cares provided you pay your tax. If I was a painter and decorator and decided that I wanted to keep my brush heads in condoms so they were protected from dust, I would have every right to claim for them then, too. But to claim expenses you do need to keep your receipts or you've got no proof you ever paid the money out for them - you must have some confirmation emails from hotels, or stuff you've ordered online, mobile topup receipts? If not, don't worry - just start saving them from now .

Hi Roxy, firstly all you need do is go on the HMRC and register as self-employed, if you are concerned about declaring yourself as an escort/webcammer you dont have to, lots of escorts use their "normal" business, or you can be a counsellor, therapist or entertainer. Escorting by yourself is not a crime and perfectly lawful and the revenue,HMRC are more interested in catching those who arent registered, then they use a draconian method of calculating your back-tax, ie hourly rate ?120X 40 hours, which, ofcourse we know is unrealistic.
After that, usual self-employed rules apply if you under-estimate your earnings and they can prove otherwise with your assets, (and a tax inspector once told me the biggest sourse of investigations is people "dobbing" others in!
No, you dont need to keep address, clients numbers or anything else, just like any "cash" business, if you go to the hairdressers they arent going to ask your details!

A simple notebook to keep the most basic of records (a page a day diary is ok for simple work) each day record your "sales" in one column, then any "expenses"=final profit/loss for each week, then do the same till end of tax year, then you you will get a simplified self-assessment form to return with totals, and they work out your tax n.i. , you pay class 2 N.I, then class 4 after ?16.000-(thats what the Govt has just put up)-but its in your own interest, as if you are going to do this for a long time, it credits you towards benefits/state pension in the future.
Two big advantages of doing this is 1. you cant be blackmailed by clients etc,and 2. you have to keep your books for six years, its very handy to refer to each week to see what it was like last year, so can plan your holidays during quiet times.

thank you guys!!! I feel so much better

Okay, I've read through other threads but this seemed to be the most recent one.

I'm wondering if any of you put through gym expenses as a tax deductible expense. Part of the job is to look good so my work out is  essential to me being an escort. I can honestly say that if I wasn't one, I would not bother. I'm thinking of putting at least half of it, if not all as an expense. I'm chucking haircuts, mani and pedis as part of business expense as well 

You can claim for any expenses that are ?wholly and exclusively for the purposes of the business?. The wholly and exclusively rule means that any expenses which have a mixed personal as well as a business purpose are not allowable.

Hi all my mind is boggling  and need some help   

Ok my last business was a 'massage' business which I registered with Companies house and employed an accountant who advised me to register as a ltd company. In fairness they only cost me ?250 a year and did the odd letter of reference for me when needed at a small fee. I even had a business bank account but they closed it after 6 months without an explanation, I think it was due to the name of the business and nature of it, someone obviously looked at my website and ratted.

SO, now i've scrubbed that and change the nature of the business to a mobile photographer/Editor (as this is what I want to eventually make a career of once i hang my stockings up) but thinking this time just as a sole trader? I did see a very old post which was too old to comment on

My question is from your experiences ladies what do you find works for you and why? Any ideas or advice would be most appreciated

x

Hi all my mind is boggling  and need some help   

Ok my last business was a 'massage' business which I registered with Companies house and employed an accountant who advised me to register as a ltd company. In fairness they only cost me ?250 a year and did the odd letter of reference for me when needed at a small fee. I even had a business bank account but they closed it after 6 months without an explanation, I think it was due to the name of the business and nature of it, someone obviously looked at my website and ratted.

SO, now i've scrubbed that and change the nature of the business to a mobile photographer/Editor (as this is what I want to eventually make a career of once i hang my stockings up) but thinking this time just as a sole trader? I did see a very old post which was too old to comment on

My question is from your experiences ladies what do you find works for you and why? Any ideas or advice would be most appreciated

x

You don't need to be a limited company, but if you've set one up already it might be worth keeping it going. I would have a chat with a business adviser/accountant, but for 'futureproofing' keeping the limited company could be worthwhile.