Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: dai on January 24, 2010, 10:44:39 am

Title: dropped a tax clanger
Post by: dai on January 24, 2010, 10:44:39 am

I have just realised that I should have claimed for more expense items on the 08/09 tax return.
I bought my SL2 iN March, and I thought I had bought it in the new April tax year.
Can You claim something on your 09/10 return, that should have been included on your 08/09 one?

Title: Re: dropped a tax clanger
Post by: Jeff Brimble on January 24, 2010, 10:55:21 am

yes, see accountant or contact the IR, I think you may have 2 years.

Title: Re: dropped a tax clanger
Post by: Roy Harding on January 24, 2010, 11:04:47 am

You can make an amendment Dai its no problem.

Roy

Title: Re: dropped a tax clanger
Post by: dai on January 24, 2010, 02:57:02 pm

Thanks guys, I'll get the accountant on to it, it's a bout time they did something to earn their fee.

Title: Re: dropped a tax clanger
Post by: stephen s on January 24, 2010, 03:16:38 pm

I think you claim back from upto 3 years back

Title: Re: dropped a tax clanger
Post by: leapstallbuildings on January 24, 2010, 05:27:21 pm

Quote from: dai on January 24, 2010, 10:44:39 am

I have just realised that I should have claimed for more expense items on the 08/09 tax return.
I bought my SL2 iN March, and I thought I had bought it in the new April tax year.
Can You claim something on your 09/10 return, that should have been included on your 08/09 one?

If you were classing it as a capital item, I believe you can hold fire as long as you wish.  My accountant held back from declaring my van for a year because it would have left me with a minus tax liability and would have been partly wasted.  So he started offsetting it the following year.