Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Cookie on April 06, 2016, 08:49:59 pm

Title: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 06, 2016, 08:49:59 pm
This is my first full year of  self employment as a WC. I'm trying to get organised re: 2015/16 tax return (I'm doing it myself rather than using an accountant). This is what I think I can claim for with regard business expenses. Am I missing anything or is there anything that you think I should not be claiming for? Thanks ...

* Equipment (WFP & trad)
* Mobile 'phone
* Public liability insurance
* Stationary (business cards, envelopes, stamps)
* Rent of room as home office (fixed monthly amount)
* Use of 'phone/internet (fixed monthly amount)
* Use of washing machine/powder (for sill cloths, uniform etc..) - fixed monthly amount
* Van costs (45p per mile)
* Website
* Workwear
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Dave Willis on April 06, 2016, 08:52:37 pm
water
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Clever Forum Name on April 06, 2016, 08:55:24 pm
Its a private matter

Bank charges?

Advertising?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Og on April 06, 2016, 09:02:08 pm
You've pretty much got the bulk of it for business expenses. Hotels away while working? Food costs?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 06, 2016, 09:03:54 pm
water
I'm not on a water meter - so are you saying I can claim a portion of the water bill against the business? What percentage of the bill do you claim Dave just out of interest?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 06, 2016, 09:06:55 pm
Its a private matter

Bank charges?

Advertising?

Thanks, however I don't pay bank charges, (I have just opened a standard current account and haven't told them that I run a business), & I don't advertise (apart from the website)

You've pretty much got the bulk of it for business expenses. Hotels away while working? Food costs?

Thanks, Og
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Dave Willis on April 06, 2016, 09:09:26 pm
water
I'm not on a water meter - so are you saying I can claim a portion of the water bill against the business? What percentage of the bill do you claim Dave just out of interest?

I am on a meter - on another post I used over £500 worth of water. Guess you can't claim.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Dave Willis on April 06, 2016, 09:11:35 pm
Have you paid tax yet? Watch out for payment on account (you get taxed twice a year).
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: nathankaye on April 06, 2016, 09:13:35 pm
There are certain web sites you will be able to find what you can and cannot charge, so its not quite a private matter as hes not asking for amounts.
So for instance ive sorted a works uniform but according to inland revenue you cannot claim for work clothes unless a specific uniform is a given ie, police uniform is the example they give and the reason; you have to wear clothes anyway. However if you have your logo, you can put them thru as advertising.
Its worth calculating the mileage qay of claiming back compared to actual cost and see which will get u most, ie business insurance, mot, fuel and repairs etc.

Electricity costs of any work associated cleaning ag home etc.
I think we need to organise a window convention abroad so we can claim costs bk on a holiday
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Spruce on April 06, 2016, 09:43:52 pm
water
I'm not on a water meter - so are you saying I can claim a portion of the water bill against the business? What percentage of the bill do you claim Dave just out of interest?

If you aren't on a meter then no you can't claim anything. You are paying that anyway - Receiver informed us of this.

We were warned to be very careful about renting a portion of the house as an office. If you have a mortgage then tread carefully as there could be an issue tax wise when you come to sell it. If you are renting the house then no problem.

The receiver told us in a training course that workwear was not claimable unless it had you business logo sewn onto it. Shoes were only claimable if the were steel capped boots. The question was asked if our indrustry requires the used of steel capped boots for safety. If you can justify it then claim it. (ie, cleaning windows in an industrial premises that requires their employees to wear them. The same would apply to hard hats.) Ordinary trainers won't be accepted.

Claim for a portion of your phone bill at home as well as your office portion of heating and lighting.

If you heat your van in winter then increase the amount you claim against electricity. Unfortunately I can't tell you how much by as you have to self assess that yourself.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 06, 2016, 09:44:24 pm
Have you paid tax yet? Watch out for payment on account (you get taxed twice a year).

Ive had that this year, Im paying more in tax this year than most Nigerians have to live on for the whole of their lives.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Phil J on April 06, 2016, 10:17:00 pm
Accountancy fees, van repairs, website and domain name fees.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: duncan h on April 06, 2016, 10:24:50 pm
gloves waterproofs. I claim for waterproof trainers
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: ChumBucket on April 06, 2016, 11:38:37 pm
You can claim for any expense incurred for the running and operation of your business - including work wear (ppe) regardless of whether it bears your logo or not. So long as your purchases are both genuine and economically justifiable then you'll have no issue.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: steve rix on April 07, 2016, 01:50:27 am
Bad debts
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Shane sharples on April 07, 2016, 05:19:37 am
Your £115 Nike air max trainers that you buy for the summer months  ;D
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: paulben on April 07, 2016, 06:28:57 am
You could argue against steel toe cap shoes/boots if you use a ladder as hse says that shoes should be as light as possible so that you can feel the rungs on a ladder properly
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: dazmond on April 07, 2016, 08:30:28 am
dont forget van MOT/commercial van insurance/road tax/repairs etc if your van is just used for work.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: nathankaye on April 07, 2016, 08:31:34 am
You can claim for any expense incurred for the running and operation of your business - including work wear (ppe) regardless of whether it bears your logo or not. So long as your purchases are both genuine and economically justifiable then you'll have no issue.

Ild like to use your accountant if you think you can put clothes thru and its ok. That for sure is a loosing battle dispite how you want to argue it
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 07, 2016, 08:33:13 am
Thanks all. Some interesting comments here ....

Have you paid tax yet? Watch out for payment on account (you get taxed twice a year).
Re: the above I guess in theory for some this is a good idea since it's essentially paying tax in installments (although you are paying six months tax in advance, so HMRC can cheekily earn interest on the first payment). However who initiates this method of payment? Are you automatically enrolled if you file your tax returns online or do you actually have to agree to sign up for it (it's not 100% clear from what I'm reading online)?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 07, 2016, 08:42:10 am
You can claim for any expense incurred for the running and operation of your business - including work wear (ppe) regardless of whether it bears your logo or not. So long as your purchases are both genuine and economically justifiable then you'll have no issue.

Ild like to use your accountant if you think you can put clothes thru and its ok. That for sure is a loosing battle dispite how you want to argue it

This is what I found on the HMRC website:

https://www.gov.uk/expenses-if-youre-self-employed/clothing

I guess the key thing here is You can’t claim for everyday clothing (even if you wear it for work). I don't for example wear my steel toe-capped work boots outside of work  - so I don't count these as "everyday clothing" - so by my interpretation here would be that  it's OK to claim the cost of these as a business expense.

Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: SeanK on April 07, 2016, 09:02:18 am
You can claim for things like overalls boiler suits high vis and so on, anything that you wouldn't buy if you didn't need it
to do your job.
You cant claim for things like jeans, t shirts, underwear socks that you would be using anyway, the same goes for food that I think somebody mentioned earlier, you need it if your working or not so it not a work expense.
Doesn't matter what the product is, if you can prove that you couldn't earn without buying it then you can legally claim for it as
long as its a reasonable spend, spend £2k on a product you could get for £500 and your going to have a bit of explaining to do.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: ChumBucket on April 07, 2016, 09:03:53 am
You can claim for any expense incurred for the running and operation of your business - including work wear (ppe) regardless of whether it bears your logo or not. So long as your purchases are both genuine and economically justifiable then you'll have no issue.

Ild like to use your accountant if you think you can put clothes thru and its ok. That for sure is a loosing battle dispite how you want to argue it

I use a chartered accountant firm. You are more than welcome to contact them for clarification. Give me your email and I'll pass you their details. Or you could contact any accountants, read them my statement word for word and see what they say.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: andyM on April 07, 2016, 09:08:54 am
We've got a caller.....er Gary, on the line.
Gary wants to know....."Can I claim for Custard Cream Biscuits?". 
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Spruce on April 07, 2016, 09:10:40 am
dont forget van MOT/commercial van insurance/road tax/repairs etc if your van is just used for work.

If he's charging 45 pence a mile business use for his own van then none of his van's expenses, ie, fuel, insurance, tax, MOT,  depreciation, servicing and repairs are claimable. They are incorporated in his per mile claim.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Spruce on April 07, 2016, 09:24:19 am
The Receiver calls it SELF assessment.

However, what you think are legitimate business expenses may not be what the receiver accepts. Although they may call it self assessment, its only that when they agree with your self assessed claims.

They will have a business model for window cleaners and they will have a pretty good idea of what your % expenses should be relative to your turnover. If expenses are too high then they will have a look and interpret the figures for that year. You probably won't hear from them, but if your ratio is too high the following year then they are more likely to start to sniff around.

If you are claiming for things you shouldn't (their view of business expenses is the only view that counts) then they can make your life a misery.   
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: SeanK on April 07, 2016, 09:33:04 am
The Receiver calls it SELF assessment.

However, what you think are legitimate business expenses may not be what the receiver accepts. Although they may call it self assessment, its only that when they agree with your self assessed claims.

They will have a business model for window cleaners and they will have a pretty good idea of what your % expenses should be relative to your turnover. If expenses are too high then they will have a look and interpret the figures for that year. You probably won't hear from them, but if your ratio is too high the following year then they are more likely to start to sniff around.

If you are claiming for things you shouldn't (their view of business expenses is the only view that counts) then they can make your life a misery.

Spot on, that's why people hire accountants as they can put them in their place and claim for thing that we might not get
away with.
That said for a self employed window cleaner there isn't going to be much in it and the accountant will more than likely cost
you more than they will save.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 11:27:51 am
To be honest.  Salad Eater is going to like this..

Id speak to an accountant. I had a very bad experience with HMRC that lasted 5 years and resulted in me having to eventually go bankrupt.  Im discharged now for but its had a significant impact on my health i suffer with depression as a result

I was doing all my own books, tax returns etc etc. Got advice from websites, business owners and in all tense and purposes was foing what i thought was the right thing;  was making a lot of money  up until 2007 when the commercial work bottomed out i had to replace the work with domestic.

As a result my tax returns earnings dropped suddenly which triggred an alarm at HMRC and they did a tax investigation on me.

No worries i thought as i kept all my records accurately, how wrong was i?  My record keeping only sereved to incriminate me further, and HMRC took me to the cleaners with stuff i had no idea about. I thought i was going to get an extra £10k  bill from them i was so worried, plus my marrige was breaking down all at the same time (thats a different story though) i ended up with a £45k bill from them.

At that point no accountant would touch me and i was on my own. For the next few years i worked my butt off trying to pay it back but the interest was killing me, so i filed in 2014 and was discharged August last year.

Now i have a chartered accountant. Lesson learned.

(Anyone who now doesn't beleive me and thinks this is more BS They can check the official records office, stick that in yer pipe and smoke it)
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: SeanK on April 07, 2016, 12:00:52 pm
To be honest.  Salad Eater is going to like this..

Id speak to an accountant. I had a very bad experience with HMRC that lasted 5 years and resulted in me having to eventually go bankrupt.  Im discharged now for but its had a significant impact on my health i suffer with depression as a result

I was doing all my own books, tax returns etc etc. Got advice from websites, business owners and in all tense and purposes was foing what i thought was the right thing;  was making a lot of money  up until 2007 when the commercial work bottomed out i had to replace the work with domestic.

As a result my tax returns earnings dropped suddenly which triggred an alarm at HMRC and they did a tax investigation on me.

No worries i thought as i kept all my records accurately, how wrong was i?  My record keeping only sereved to incriminate me further, and HMRC took me to the cleaners with stuff i had no idea about. I thought i was going to get an extra £10k  bill from them i was so worried, plus my marrige was breaking down all at the same time (thats a different story though) i ended up with a £45k bill from them.

At that point no accountant would touch me and i was on my own. For the next few years i worked my butt off trying to pay it back but the interest was killing me, so i filed in 2014 and was discharged August last year.

Now i have a chartered accountant. Lesson learned.

(Anyone who now doesn't beleive me and thinks this is more BS They can check the official records office, stick that in yer pipe and smoke it)

I had a mate who went through similar, he had some very big named commercial customers who basically didn't pay him (wont name them for legal reasons) and the HMRC refused to believe him,he would have been in serious trouble if it wasn't for his accountant.
He still ended up massively out of pocket though and the experience left that bad a taste in his mouth that he shut down the
business putting 10 or more employees on the dole.
Personally what I spend yearly on expenses doesn't warrant an accountant but there will certainly be guys on here where it
would be a must.
Have another mate who's business has just went belly up and is going though a hard time at the moment struggling to even
keep the family home, its not nice.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 12:29:41 pm
To be honest.  Salad Eater is going to like this..

Id speak to an accountant. I had a very bad experience with HMRC that lasted 5 years and resulted in me having to eventually go bankrupt.  Im discharged now for but its had a significant impact on my health i suffer with depression as a result

I was doing all my own books, tax returns etc etc. Got advice from websites, business owners and in all tense and purposes was foing what i thought was the right thing;  was making a lot of money  up until 2007 when the commercial work bottomed out i had to replace the work with domestic.

As a result my tax returns earnings dropped suddenly which triggred an alarm at HMRC and they did a tax investigation on me.

No worries i thought as i kept all my records accurately, how wrong was i?  My record keeping only sereved to incriminate me further, and HMRC took me to the cleaners with stuff i had no idea about. I thought i was going to get an extra £10k  bill from them i was so worried, plus my marrige was breaking down all at the same time (thats a different story though) i ended up with a £45k bill from them.

At that point no accountant would touch me and i was on my own. For the next few years i worked my butt off trying to pay it back but the interest was killing me, so i filed in 2014 and was discharged August last year.

Now i have a chartered accountant. Lesson learned.

(Anyone who now doesn't beleive me and thinks this is more BS They can check the official records office, stick that in yer pipe and smoke it)

I had a mate who went through similar, he had some very big named commercial customers who basically didn't pay him (wont name them for legal reasons) and the HMRC refused to believe him,he would have been in serious trouble if it wasn't for his accountant.
He still ended up massively out of pocket though and the experience left that bad a taste in his mouth that he shut down the
business putting 10 or more employees on the dole.
Personally what I spend yearly on expenses doesn't warrant an accountant but there will certainly be guys on here where it
would be a must.
Have another mate who's business has just went belly up and is going though a hard time at the moment struggling to even
keep the family home, its not nice.

Exacly HMRC are the biggest bunch of con artists you will ever have the displeasure of dealing with.

Compound interest on interest with late fees 50-100% of the current balance with interest.

Complete bunch of low life morons. I hate them so much. You know they laughed at me on the telephone? I lodged a complaint about that and nothing

HMRC target one man bands because it's easy meat. And if they still cant get what they want out ouf you they kick you when you are down.

They will quite literally argue that black is white if they think you have no way of challenging them via knowledge or tax advice.

In an ideal world for HMRC all our money would go to them and they would tell us what we can and cant do with our lives.

They are an evil organisation linked with the illuminati to bring in money on lended bonds to the government so the government can tax the people to make the bankers richer.  And im not talking about barclays or lloyds, im talking the bank of england, the American reserve, and all other national  banks owned by the rothschilds.

Woah deep
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 07, 2016, 12:39:37 pm
Well, that escalated quickly.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 07, 2016, 12:43:36 pm
To be honest.  Salad Eater is going to like this..

Id speak to an accountant. I had a very bad experience with HMRC that lasted 5 years and resulted in me having to eventually go bankrupt.  Im discharged now for but its had a significant impact on my health i suffer with depression as a result

I was doing all my own books, tax returns etc etc. Got advice from websites, business owners and in all tense and purposes was foing what i thought was the right thing;  was making a lot of money  up until 2007 when the commercial work bottomed out i had to replace the work with domestic.

As a result my tax returns earnings dropped suddenly which triggred an alarm at HMRC and they did a tax investigation on me.

No worries i thought as i kept all my records accurately, how wrong was i?  My record keeping only sereved to incriminate me further, and HMRC took me to the cleaners with stuff i had no idea about. I thought i was going to get an extra £10k  bill from them i was so worried, plus my marrige was breaking down all at the same time (thats a different story though) i ended up with a £45k bill from them.

At that point no accountant would touch me and i was on my own. For the next few years i worked my butt off trying to pay it back but the interest was killing me, so i filed in 2014 and was discharged August last year.

Now i have a chartered accountant. Lesson learned.

(Anyone who now doesn't beleive me and thinks this is more BS They can check the official records office, stick that in yer pipe and smoke it)

This is a great post as it illustrates why a good accountant is best. We all love to think we're saving a bob or two by doing our own books but if things get sticky re: HMRC then you're on to a stinking great loser should they decide to investigate you. Not knowing your stuff leaves you in a position where they're already 4 or 5 laps ahead of you; not knowing your stuff but thinking you do leaves you 8 or 9 laps behind.

Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Perfect Windows on April 07, 2016, 02:33:57 pm
They are an evil organisation linked with the illuminati to bring in money on lended bonds to the government so the government can tax the people to make the bankers richer.  And im not talking about barclays or lloyds, im talking the bank of england, the American reserve, and all other national  banks owned by the rothschilds.

Funny, at first I thought they were after you for not paying the correct amount of tax (however inadvertently) but now I realise you were a helpless stooge in a Dan Brown novel.

Vin
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Frankybadboy on April 07, 2016, 02:48:10 pm
ive twice claim for a push bike as i used it for collecting back in the day of collectting and alos for quoting on a evening  ;D ;D ;D ;D ;D ;D ;D ;D

and you can also claim mileage allowance on it as well
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Shane sharples on April 07, 2016, 03:19:08 pm
Yes I do need my pub lunch everyday Coz I work , otherwise I'd be at home eating 16p noodles
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 03:22:23 pm
They are an evil organisation linked with the illuminati to bring in money on lended bonds to the government so the government can tax the people to make the bankers richer.  And im not talking about barclays or lloyds, im talking the bank of england, the American reserve, and all other national  banks owned by the rothschilds.

Funny, at first I thought they were after you for not paying the correct amount of tax (however inadvertently) but now I realise you were a helpless stooge in a Dan Brown novel.

Vin

Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 :)
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: 8weekly on April 07, 2016, 03:25:57 pm
You can claim for any expense incurred for the running and operation of your business - including work wear (ppe) regardless of whether it bears your logo or not. So long as your purchases are both genuine and economically justifiable then you'll have no issue.

Ild like to use your accountant if you think you can put clothes thru and its ok. That for sure is a loosing battle dispite how you want to argue it
So you don't think you can claim for waterproof boots?

https://www.gov.uk/expenses-if-youre-self-employed/clothing

Get a new accountant.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Dave Willis on April 07, 2016, 04:34:53 pm
Marc Stock - so what exactly did you do wrong?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Shane sharples on April 07, 2016, 04:47:38 pm
To be honest.  Salad Eater is going to like this..

Id speak to an accountant. I had a very bad experience with HMRC that lasted 5 years and resulted in me having to eventually go bankrupt.  Im discharged now for but its had a significant impact on my health i suffer with depression as a result

I was doing all my own books, tax returns etc etc. Got advice from websites, business owners and in all tense and purposes was foing what i thought was the right thing;  was making a lot of money  up until 2007 when the commercial work bottomed out i had to replace the work with domestic.

As a result my tax returns earnings dropped suddenly which triggred an alarm at HMRC and they did a tax investigation on me.

No worries i thought as i kept all my records accurately, how wrong was i?  My record keeping only sereved to incriminate me further, and HMRC took me to the cleaners with stuff i had no idea about. I thought i was going to get an extra £10k  bill from them i was so worried, plus my marrige was breaking down all at the same time (thats a different story though) i ended up with a £45k bill from them.

At that point no accountant would touch me and i was on my own. For the next few years i worked my butt off trying to pay it back but the interest was killing me, so i filed in 2014 and was discharged August last year.

Now i have a chartered accountant. Lesson learned.

(Anyone who now doesn't beleive me and thinks this is more BS They can check the official records office, stick that in yer pipe and smoke it)

How did they get the 45k figure? And how many years was that over? ( £4500 a year for ten years?)
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 05:04:49 pm
Marc Stock - so what exactly did you do wrong?

It was a combination of things really, long and short of it I claimed for stuff i thought i was entitled to, and kept recipts all above board but ended up owing about 20k over 4 years from 2004 till 2008 . I had employed people too on a self employed basis but as they didnt have any of their own customers i ended up owing ni on that too as hmrc said they were an employee. It got well messy tbh i could go on for ages. It was very stressfull and they were very unpleasant

By the time interest and late fees were added it was ballooning to £30k by the time i went bankrupt it was standing at £45k and i was paying every pound i had to try to clear it but when you get to a point were you owe so much with the interest and fees it becomes impossible to catch up with the payments as of course any money you make to make the payments are also taxable and it quickly spirals.

I took some legal advice and they said in 2 years id end up owing 80k if i didnt end it now and they will make me bankrupt under THEIR terms in which case they could slap a charging order on it for 15 years and im screwed.

So i did it myself, i tried an IVA first as per legal advice but they refused it (which is what i was expecting) but now they had refused the IVA i had a good enough cause for the bankruptcy.

Went to court in Guildford the judge sits you down in front of his desk, he looks through your pettition (which i had filled out by a lawyer) asks you why you want to be bankrupt, my reason was HMRC wont allow me to enter into an IVA to clear past debts so i have no choice.

He said ok no worries stamped the petition and declared me bankrupt in a loud voice my full name etc etc. And said have a nice day.

Cost £800
Legal advice £700

Done and dusted, mistakes learned move on.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Dave Willis on April 07, 2016, 05:13:57 pm
I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours  :o

It seems in many cases if there is no trigger then everything stays the same.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Shane sharples on April 07, 2016, 05:22:53 pm
That sounds like a lot of bloody hassle!
Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 05:25:53 pm
I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours  :o

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 07, 2016, 05:51:55 pm
Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 :)

He hasn't got a sense of humour, so saying he'll have a different one is pointless.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 07, 2016, 05:55:26 pm
I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours  :o

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: ChumBucket on April 07, 2016, 05:55:37 pm
Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 :)

He hasn't got a sense of humour, so saying he'll have a different one is pointless.

 ;D ;D ;D ;D
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 07:05:53 pm
I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours  :o

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?

Yep pretty much it.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 07, 2016, 07:13:49 pm
Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year
Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Perfect Windows on April 07, 2016, 07:23:08 pm
Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year
Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.

The biggest problem is that the UK tax code is close to 20,000 pages long.  We get accountants who know the main points, large organisations can pay for people who pore over every word.  There was a tax lawyer on TV the other week who charges £4,000 a day to advise people on how to get out of paying tax.

Vin
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Perfect Windows on April 07, 2016, 07:24:06 pm
Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

 :)

Nope - it's bilge of the highest order.  Occam's razor says so.

Vin
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: SeanK on April 07, 2016, 07:35:09 pm
Cookie - your first years expenses will probably look loads , but you've had to start from scratch buying all your equipment / gear which you wouldn't normally buy year in year out . So I wouldn't worry about this years expenses being very high and you might only break even or not even make a profit in your first year
Shrek - you're correct on this. Also I'm only working part-time alongside another job where I'm PAYE.

Marc - sorry to hear about your experience with HMRC. I do agree with you however that it seems to be the big guys who get away without paying tax through offshore tax havens etc... and the small guys (like us) get the book thrown at them for the slightest error. Every UK government has claimed they are going to put a stop to this but the big guys tax advisors always find a loophole somewhere.

The biggest problem is that the UK tax code is close to 20,000 pages long.  We get accountants who know the main points, large organisations can pay for people who pore over every word.  There was a tax lawyer on TV the other week who charges £4,000 a day to advise people on how to get out of paying tax.

Vin

There must be a few on here who would benefit by employing that guy.(http://www.cleanitup.co.uk/smf/1460054090_grin[1].gif)
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Tosh on April 07, 2016, 07:42:24 pm
I would imagine a lot of people owe the tax man four to five grand a year. I know of one or two self employed who've yet to pay any tax yet still manage the lavish lifestyle and brag of earnings and holidays. Quite an eye opener that story of yours  :o

It seems in many cases if there is no trigger then everything stays the same.

Please bear in mind i had already been paying tax. So this was in ADDITION to what i had already paid for the 2004-2008 YEAR.

and back charges back interest etc etc.

So the 45K you owed when you were made bankrupt, they had to whistle for it?

Yep pretty much it.

Did you phone them up afterwards and accost them with swear words, telling them they could go feck themselves. I would've.

Did you have a mortgage at the time? If so what happened about the house?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 07:55:57 pm
It gets worse...

No i didn't have a mortgage, as i was made bankrupt in 2014 i have been renting. And still am.

The house and mortgage all got sold when my marriage broke up in 2008. This was whilst HMRC were doing their investigations.  So long before thier conclusions. I went on a 2 year weirdness bender lived off the money from the house and didnt work much sold off what i had left of the business  (most of it went to pot cos i lost interest in life) and attempted suicide,  drank and smoked heavily  and became a complete selfish  twat.

I then broke my arm, and got into a car accident.

Honestly this is all true..no wonder why i have depression
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: ChumBucket on April 07, 2016, 08:57:17 pm
Whatever you do Marc Do NOT listen to any Morrisey!  ;D
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 07, 2016, 10:17:37 pm
Whatever you do Marc Do NOT listen to any Morrisey!  ;D

Hahahha
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: nathankaye on April 08, 2016, 12:26:50 am
Very funny vin.

Do some research on the Rothschilds and thier connections with the Banking System and Government and you'l have a different  sense of humour on the matter.

Wow thats a bit too deep for the likes of this forum,   tho I liked a debate where even Van Dam brought the Rothchilds into the discussion, but thats for another thread I think..

I know of a plumber who insisted all his customer paid by cheques (yes, going bk some yrs) so he had proof of income. However HMRC had their own model to follow where a certain percentage of income was cash and x amount by cheques. So as far as they were concerned, the obvious answer was that he wasnt declaring x amount of cash and based on their model projection they made him pay tax and interest and this supposed amount. It wasnt a case of prove I did but more of a case of prove you didnt!!
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: paulben on April 08, 2016, 06:16:54 am
English law you are innocent till proven guilty but with hmrc its guilty till proven innocent . They screwed my son over when he was self employed. Forgot the ins and outs but they owed him more than he owed them but wouldn't pay him till he paid them claimed it was from another dept . They sent a cheque after he paid . After about a week went to bank to draw out some money the low life scum bags had only gone and cancelled the cheque another phone call and more bull from them before they reissued the cheque .
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 08, 2016, 10:31:45 am
English law you are innocent till proven guilty but with hmrc its guilty till proven innocent . They screwed my son over when he was self employed. Forgot the ins and outs but they owed him more than he owed them but wouldn't pay him till he paid them claimed it was from another dept . They sent a cheque after he paid . After about a week went to bank to draw out some money the low life scum bags had only gone and cancelled the cheque another phone call and more bull from them before they reissued the cheque .

Exactly.

At the peak of the investigation HMRC started making up conclusions in my case with no real evidence. Ok i claimed on stuff i thought i could, but here is the inconsistency... on comparing some of my friends tax affairs there was stuff that they were allowing for him but not me.

It really depends on the cretin who is doing the investigation at the time and thier motivation. I happend to have a right bitch 20 something year old out to prove her abilities.

HMRC are quite simply a legal extortion racquet for the Banks. People dont understand that HMRC dont even report to the government, they are agents  directly linked to the Bank Of England to bring in deposit payments on bonds lent to the government from the bank of england.

And guess what the bank of England isn't even the bank of England its a private bank owned by private individuals since the 1600's  to today. Rothchilds are one of those families who own these banks and their wealth is yours, mine, the banks, everything. Something like several trillion trillion £ it truly is staggering.

The government need money, they dont have any abilty to raise money themselves exept the power to tax people.

The bank of england create the money supply, the government buy bonds from the bank, and the government pay back those bonds with our money through taxes.

The bank of england charge interest on those bonds creating more money for the bank and more wealth  to sell bonds back to the government so the government can tax us more.

People  need to wake up to this extortionate racquet.

But we are blinkered and blind.

Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Perfect Windows on April 08, 2016, 11:52:50 am
And guess what the bank of England isn't even the bank of England its a private bank owned by private individuals since the 1600's  to today. Rothchilds are one of those families who own these banks and their wealth is yours, mine, the banks, everything. Something like several trillion trillion £ it truly is staggering.

No it's not.  That is totally, completely and utterly incorrect.

Here's the relevant section from the 1946 Bank of England Act.  This was the bill that nationalised the Bank of England.

http://www.legislation.gov.uk/ukpga/Geo6/9-10/27/section/1

If you bother to read it you'll see it details the transfer of all shares to the Treasury.   I know it's boring and full of "facts" rather than "internet facts" (aka b******s) but if you read it you'll see that for the past seventy years the Bank of England has belonged to the treasury and hence to the UK.

If the idiots feeding you this conspiracy theory tripe can't even find an Act of Parliament that took me 30 seconds to find, I think the sensible thing to do would be to stop listening to them, pay your taxes correctly (to the government, who spend it on the NHS and suchlike rather than channelling it to the Rothschilds for some freakish reason) and go and have a lie down.

But we are blinkered and blind.

Indeed some of us are.

Vin
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: TomSE on April 08, 2016, 12:32:47 pm
For vehicle costs, rather than 45p per mile is it not allowed for you to claim all the fuel and other maintenance bills?

https://www.gov.uk/expenses-if-youre-self-employed/travel

As it seems to suggest there that you can just add up all your fuel receipts and other van related receipts and claim that figure?

Tom
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 08, 2016, 01:40:38 pm
And guess what the bank of England isn't even the bank of England its a private bank owned by private individuals since the 1600's  to today. Rothchilds are one of those families who own these banks and their wealth is yours, mine, the banks, everything. Something like several trillion trillion £ it truly is staggering.

No it's not.  That is totally, completely and utterly incorrect.

Here's the relevant section from the 1946 Bank of England Act.  This was the bill that nationalised the Bank of England.

http://www.legislation.gov.uk/ukpga/Geo6/9-10/27/section/1

If you bother to read it you'll see it details the transfer of all shares to the Treasury.   I know it's boring and full of "facts" rather than "internet facts" but if you read it with an open mind you'll see that for the past seventy years the Bank of England has belonged to the treasury and hence to the UK.

If the idiots feeding you this conspiracy theory tripe can't even find an Act of Parliament that took me 30 seconds to find, I think the sensible thing to do would be to stop listening to them, pay your taxes correctly (to the government, who spend it on the NHS and suchlike rather than channelling it to the Rothschilds for some freakish reason) and go and have a lie down.

But we are blinkered and blind.

Indeed some of us are.

Vin

Thats a little aggressive Vin.

You are correct. I must be a complete fool to believe this utter nonsense.

I must be blind, and of course you are correct i should pay my taxes, what a naughty boy for my mistakes, and beliefs that there is a fundamental selfish interest of those in power over the masses.

I hasten to add, if our taxes are going to pay for the NHS and etc (all the doogooding points that make you sound correct) why is there a massive deficit that just keeps increasing?

Yep you are correct that the Bank of England was nationalised after the war. But you also forget that in 1977the BANK OF ENGLAND NOMINEES LIMITED was formed to control 97% of the private equities and has exemption by the Secretary of Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976.  Also weirdly enough the total shared issues have remained at £2 since its inception. How can a company of only £2 worth of issued shares have 97% of national private banking equities i ask?

Now when the government need money its sold as a bond with interest. The government pay that bond back through taxes and many beleive that it is now the Bank Of England Nominees Ltd that underwite these bonds.

In additon to this the Bank of England Nominees is protected by the royal charter which protects it from any investigation even HMRC or prying eyes.

No one really knows but I personally think there is still some involvement of a few super elite welathy family's that are somehow involved with this.

But dont beleive any of it Vin is all BS so you have nothinf to worry about  :P






Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Perfect Windows on April 08, 2016, 01:58:47 pm
Where did I say anything about you?  Amazing how often on here there's a post about what someone says and it's taken as an attack on the person themselves.  The only personal point what a subtle dig where I reflected your VICIOUS ATTACK* on me where you implied I was "blinkered and blind"

Nowhere did I say you were stupid.  I said that what you were repeating was not true.  The fact that conspiracy nutters are convincing does not make you stupid.  There ability to convince is why they are so widespread.  There's a big gulf between "What you've read and repeated isn't true" and "you're stupid".

Also, nowhere did I say, or even imply that you were "a naughty boy".

However, once again I have to take issue with the facts you've been fed.  Not you. Not your intelligence, but the facts that you have been told.  They are not true.  Bank of England Nominees Ltd is completely owned by the Bank of England.  That's rather different from saying that BOENL owns the Bank.  I did track the details of that down once before elsewhere but I'm just out of the door so I don't have time to dig again.  So, that isn't an attack on you, it's an attack on people who lie to back up their cases.  Not you, the lazy liars who make stuff up to back up their case. 

" many beleive that it is now the Bank Of England Nominees Ltd that underwite these bonds."  Doesn't matter how many people believe it; doesn't make it true.

Why is there a deficit?  Government spends more than it takes.  No conspiracy, just idiocy (on their behalf, not yours).

You can believe anything you want but five minutes research to check the credibility of the sources you're quoting  might be worthwhile.

Vin


*Joke
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 08, 2016, 02:22:09 pm
Ahah

Well my comment of blinkered and blind was more directed in the rhetoric tense.

Anyway...like i said. I do believe there is something going on. But hey lets not fall out over it.  :)
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: AuRavelling79 on April 08, 2016, 09:16:08 pm
Look Vin - you know it was the Rothschilds. Everything goes back to the Rothschilds. The Holocaust which didn't happen was down to the Rothschilds and the moon landing which didn't happen is down to the Rothschilds and the Twin Towers which didn't happen was down to the Rothschilds.

And Jack the Ripper was financed by the Rothschilds too.

In fact Rosskeseva is really "Roth the saver" who has salted away  trillions of ill-gotten loot while pretending to be a humble window cleaner.

You know it's true.

 
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Marc Stock on April 09, 2016, 09:54:57 am
Look Vin - you know it was the Rothschilds. Everything goes back to the Rothschilds. The Holocaust which didn't happen was down to the Rothschilds and the moon landing which didn't happen is down to the Rothschilds and the Twin Towers which didn't happen was down to the Rothschilds.

And Jack the Ripper was financed by the Rothschilds too.

In fact Rosskeseva is really "Roth the saver" who has salted away  trillions of ill-gotten loot while pretending to be a humble window cleaner.

You know it's true.

 ::)roll  ::)roll ::)roll

Im just going to hoover the grass and cut the carpet.  Is it wrong that i find toasters intriguing, im sure mine is bugged by the Bank Of England, HMRC are in my pillow at night. I like painting my teeth though it helps with the cheese.

Night night.  ;D ;D ;D ;D
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Bay View WCS on April 10, 2016, 03:40:31 pm
Will someone please mention Chemtrails?
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Spruce on April 10, 2016, 04:50:53 pm
For vehicle costs, rather than 45p per mile is it not allowed for you to claim all the fuel and other maintenance bills?

https://www.gov.uk/expenses-if-youre-self-employed/travel

As it seems to suggest there that you can just add up all your fuel receipts and other van related receipts and claim that figure?

Tom

Its either one  (mileage - pence per mile) or the other (van expenses, depreciation, fuel, etc., etc.) for the duration you have the vehicle is the way I understand it.

So if he's already claimed the 45p a mile on a previous tax year then that's it until the van is replaced. He can't chop and change between them when the figures look better the other way one year.

I claim all the running costs of the van as a full working vehicle less a % for personal use.

The car is charged at 45p a mile for business use (mostly collecting on a Friday evening). Its insured for business but the only thing I claim is pence per mile. The additional insurance costs, fuel, depreciation etc., is all included in that mileage allowance.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: Cookie on April 10, 2016, 06:35:11 pm
For vehicle costs, rather than 45p per mile is it not allowed for you to claim all the fuel and other maintenance bills?

https://www.gov.uk/expenses-if-youre-self-employed/travel

As it seems to suggest there that you can just add up all your fuel receipts and other van related receipts and claim that figure?

Tom

Its either one  (mileage - pence per mile) or the other (van expenses, depreciation, fuel, etc., etc.) for the duration you have the vehicle is the way I understand it.

So if he's already claimed the 45p a mile on a previous tax year then that's it until the van is replaced. He can't chop and change between them when the figures look better the other way one year.

I claim all the running costs of the van as a full working vehicle less a % for personal use.

The car is charged at 45p a mile for business use (mostly collecting on a Friday evening). Its insured for business but the only thing I claim is pence per mile. The additional insurance costs, fuel, depreciation etc., is all included in that mileage allowance.

Since my van is a 54 plate,  and therefore the depreciation is small, I calculated that I would be better off claiming 45p per mile rather than all van costs (particularly with the recent low fuel prices). If/when I change my van for a newer one I will re-consider.
Title: Re: Legitimate Business Expenses - Am I missing anything?
Post by: NBwcs on April 12, 2016, 01:13:29 pm
water
I'm not on a water meter - so are you saying I can claim a portion of the water bill against the business? What percentage of the bill do you claim Dave just out of interest?

"If you aren't on a meter then no you can't claim anything. You are paying that anyway - Receiver informed us of this."



That makes sense but in that case, doesnt this principle apply to mobile phones? Most people are on a contract so its the same cost whether you use it for business or not.