you can probably do it yourself in less than an hour. i recommend viewing HMRC's videos on self assessment and reading the tax relief for escorts site.

Apologies if this has been answered, I just bought a new (newer, not new sadly lol) car and was wondering if / how it might be tax deductible? I do occasional outcalls but mostly it would be claiming for when I drive to incall locations and tours.

I already claim for petrol for those times so would it be a matter of sensibly working out what percentage of my use is work, so eg if half my miles are for work and half social I could claim for half the cost of the car? It seems really confusing when you take into account depreciation  etc as well.

Do any of you claim for the cost & costs associated with a vehicle & if so how do you work it please? I had quite an old car that was cheap before so never really bothered but now I have forked out a wedge of cock sucking cash  I'd like to claim for what I can!

 

Milage allowances usually include all costs, the other way is to work out proportions of use. Which ever way you do it I've been told to stick to it for the lifetime of the vehicle. There's more than likely guidance on the HMRC website or to be obtained from an accountant.

This is my first post to 'hello' first and foremost. I have been working for just 2 months and am in this for the long haul now.

Secondly, can I get some advice on keeping records for tax purposes?

1) Should I be unlucky enough to get audited, I'm pretty sure the taxman will want to see how my income breaks down but 95% of my clients don't provide their name so what do I do? Make up names - 'Bob? Use descriptions - 'short bald ex-army guy'? Or service provided - 'oral, missionary'?

All I have been doing (for my own records, nothing more) is a combination of all of the above (but mainly using descriptions) on a weekly basis, also logging how much each client paid.  Eg:

Week commencing: 4th June
Bob - £120
Smelly guy - £100
Nervous guy - £150
Decorator - £150
BJ in kitchen - £100


2) I have no qualms in telling the taxman what I do but for future employment reasons I would prefer to be more vague - business consultant, life coach, therapist. This is because I plan on putting the years of running a profitable Ltd company to good use post-escorting by claiming it's experience in whatever job I'm applying for. (or course it has to be in a field I have experience or know I can do). So how do you advise I log my income/customers, if required for tax records? I'm pretty sure I can't log 'BJ in kitchen' if the taxman thinks I'm a life coach lol.


3) The problem with listing myself as a 'respectable' business, such as management consultant, is that I won't be able to claim for expenses - makeup, lingerie, clothes, toys, beauty treatments etc - so any advice here?


Thanks in advance.

Thank you.

I was told something that I find hard to believe.

If you have two self employed jobs in the UK you automatically get a higher rate of tax taken off you regardless of how much you earn.

Seems absurd anyone know for sure.

It's not something my accountant's ever mentioned to me.

The person who told me has two self employed jobs he is not a professional but says his accountant told him.
Sounds wrong to me.

And me I have income from two businesses, it's all into the same 'pot'.

However when a person takes a second employment with an employer, you tend to end up with the tax free allowance on one job, second job taxed on every penny earned.

Sounds like someone getting mixed up with this.

That could be where he has gone wrong.
If I run into him again I will ask has he also got a job from an employer.