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DaveG

  • Posts: 6350
Doing a job to pay for goods?
« on: March 01, 2013, 04:55:21 pm »
I'm "buying" a brand new (£300) trade triple ladder off a customer by cleaning his windows  free 10 times (its a £12 job).

Is this tax deductable, if he gives me an invoice, bearing in mind no money is changing hands?

Cheers
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You can't polish a turd

MATT BATEMAN (OWC)

  • Posts: 1821
Re: Doing a job to pay for goods?
« Reply #1 on: March 01, 2013, 04:59:20 pm »
I dont think the tax-man does "buying" however if you bought it then yes.

Works both ways you see, why should you be able to get tax relief on it when you're not declaring your "earnings"?
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Dave Willis

Re: Doing a job to pay for goods?
« Reply #2 on: March 01, 2013, 05:04:55 pm »
Ladders are banned.
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richard jagger

Re: Doing a job to pay for goods?
« Reply #3 on: March 01, 2013, 05:06:26 pm »
Bateman you are a gold and oldy not a newby.
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dave0123

  • Posts: 3553
Re: Doing a job to pay for goods?
« Reply #4 on: March 01, 2013, 05:13:56 pm »
£12 x 10 is £120 not 300... youl be doing them free for a while  ;D
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Dave.

deeege

  • Posts: 5125
Re: Doing a job to pay for goods?
« Reply #5 on: March 01, 2013, 05:52:57 pm »
Quote from: dave0123 on March 01, 2013, 05:13:56 pm
£12 x 10 is £120 not 300... youl be doing them free for a while  ;D

......or getting a £180 discount.
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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

DaveG

  • Posts: 6350
Re: Doing a job to pay for goods?
« Reply #6 on: March 01, 2013, 05:54:46 pm »
Quote from: dave0123 on March 01, 2013, 05:13:56 pm
£12 x 10 is £120 not 300... youl be doing them free for a while  ;D

 ;D well done Einstein

Ladders banned... really? Discuss.......

Thanks "newbie" Matt  ;)

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You can't polish a turd

DaveG

  • Posts: 6350
Re: Doing a job to pay for goods?
« Reply #7 on: March 01, 2013, 05:55:40 pm »
Quote from: deeege on March 01, 2013, 05:52:57 pm
Quote from: dave0123 on March 01, 2013, 05:13:56 pm
£12 x 10 is £120 not 300... youl be doing them free for a while  ;D

......or getting a £180 discount.

Thats it deeeg  :)
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You can't polish a turd

dave0123

  • Posts: 3553
Re: Doing a job to pay for goods?
« Reply #8 on: March 01, 2013, 05:59:58 pm »
are u for real?

so your paying 180 cash and giving him 10 cleans free making it up to 300 quid.. you can buy your own ladder bran new with feet on delivered to your door including vat for 169 quid. and you'd be £120 better off!!

http://www.midlandladders.com/products/Triple_3_5m_11ft6_Trade_Light_Industrial_Ladder-23-7.html
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Dave.

deeege

  • Posts: 5125
Re: Doing a job to pay for goods?
« Reply #9 on: March 01, 2013, 06:05:21 pm »
Quote from: dave0123 on March 01, 2013, 05:59:58 pm
are u for real?

so your paying 180 cash and giving him 10 cleans free making it up to 300 quid.. you can buy your own ladder bran new with feet on delivered to your door including vat for 169 quid. and you'd be £120 better off!!

http://www.midlandladders.com/products/Triple_3_5m_11ft6_Trade_Light_Industrial_Ladder-23-7.html

Reading comprehension isn't your strong point, is it?
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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

DaveG

  • Posts: 6350
Re: Doing a job to pay for goods? New
« Reply #10 on: March 01, 2013, 06:34:33 pm »
Quote from: dave0123 on March 01, 2013, 05:59:58 pm
are u for real?

so your paying 180 cash and giving him 10 cleans free making it up to 300 quid.. you can buy your own ladder bran new with feet on delivered to your door including vat for 169 quid. and you'd be £120 better off!!

http://www.midlandladders.com/products/Triple_3_5m_11ft6_Trade_Light_Industrial_Ladder-23-7.html

No Dave, the ladders are £300 brand new,  I'm doing 10 cleans at £12 each which equals £120.

 300
-120
------
=180

Making a saving of £180
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You can't polish a turd
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