Tax return - i bought a computer for work - can i claim 100% costs as i'm self employed ??
would it come beneath means allowance or expenses allowance- also i hold driven 1000 miles over the year for business can i claim mileage but lower than expenses or wherewithal allowances? anyone know?
Answers:
Assuming you are self employed:
Your computer would be claimed as a means allowance, reduced by any private use.
Your travel costs are a revenue expense and you can claim within one of two ways:
1. 1000 miles at 40p pm = lb400
2. Actual costs of running the vehicle for the year - road import tax, MOT, insurance, servicing, petrol, grease, etc - donate these up and claim 1000/whatever your total mileage for the year be. In totting up you would claim income allowances on the vehicle as economically, restricted to the proportion relating to business mileage.
If you are an hand, HMRC would want to know why your employer be not reimbursing these expenses to you.
Any due investigation nucleus will backing if you are stuck.
I believe you can claim a faultless percentage and the VAT if your registered but 100 percent dream little one dream.
Not sure almost 100%, but yes you can claim. Get an accountant. He'll retrieve you a fortune. My mate be competent to claim for a hot tub on medical grounds. True! You can also claim depreciation on your vehicle, fragment of your household bills etc.etc.
you can claim 100% of the computer as long as its lone used for work.
if its to some extent used for personal afterwards you enjoy to indicate the % used for business. you may want/need to depreciate the computer(capital) unless you claim article 179 conclusion (expense).
mileage is definately expense but why not claim module of the costs of the motor instead (capital) if they are more than mileage?
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Answers:
Assuming you are self employed:
Your computer would be claimed as a means allowance, reduced by any private use.
Your travel costs are a revenue expense and you can claim within one of two ways:
1. 1000 miles at 40p pm = lb400
2. Actual costs of running the vehicle for the year - road import tax, MOT, insurance, servicing, petrol, grease, etc - donate these up and claim 1000/whatever your total mileage for the year be. In totting up you would claim income allowances on the vehicle as economically, restricted to the proportion relating to business mileage.
If you are an hand, HMRC would want to know why your employer be not reimbursing these expenses to you.
Any due investigation nucleus will backing if you are stuck.
I believe you can claim a faultless percentage and the VAT if your registered but 100 percent dream little one dream.
Not sure almost 100%, but yes you can claim. Get an accountant. He'll retrieve you a fortune. My mate be competent to claim for a hot tub on medical grounds. True! You can also claim depreciation on your vehicle, fragment of your household bills etc.etc.
you can claim 100% of the computer as long as its lone used for work.
if its to some extent used for personal afterwards you enjoy to indicate the % used for business. you may want/need to depreciate the computer(capital) unless you claim article 179 conclusion (expense).
mileage is definately expense but why not claim module of the costs of the motor instead (capital) if they are more than mileage?