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Expenses

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    #11
    Originally posted by TheCyclingProgrammer View Post
    It might just be the way you've worded it but the 40% thing isn't right - you've made it sound like you have to spend less than 40% of your time on site for it to be considered temporary. The rule is: if you spend less than 40% of your time on-site then then it counts as a temporary workplace and there is no time limit on how long you can claim travel/subsistence. If you spend more than 40% of your time on site, then you have to consider the 24 month rule and there is a time limit on how long you can claim.
    Two days a week at site A, two days a week at site B, one day a week WFH... How far apart site A and site B are will factor in.

    Winner winner chicken dinner.
    Taking a break from contracting

    Comment


      #12
      Thank you so much for your informed advice on these questions.

      I am still starting out and I have read a number of blogs and pages and this forum too.

      The mind boggles as there is so much conflicting information pretty much everywhere. If its not conflicting, its most likely outdated in which case, the hunt continues.

      I have a number of expenses that I want to claim through the business and I will definitely speak to my lawyer about it all, but I just wanted to get impartial views and advices from veterans in the industry anyways.

      I am able to ingest a huge amount of information, but its useless if its not correct or outdated.

      Can someone please point me to a nice blog, article or forum post which is up to date, relevant and provides good information on the types of expenses that I can claim back?

      Since writing the post, I have a number of questions that have come about about other expenses.

      1. Ipse
      2. PI, EL, PL insurance
      3. Sickness and life cover
      4. Mobile phone contract (including the phone itself)
      5. Home broadband, which I will use about 20% for business purposes
      6. Telephone line (can consider a voip line as well-better for paying per call with sipgate)
      7. A very light laptop so I can travel between offices without lugging the heavy as **** laptop that I was given
      8. A bluetooth headset that i can use for all my calls on skype


      I am sure these can be claimed by one way or another, I will pose the question to my accountant regardless, however would like to get as many views as possible on these things.

      Thank you.

      Comment


        #13
        Originally posted by alitech View Post
        Thank you so much for your informed advice on these questions.

        I am still starting out and I have read a number of blogs and pages and this forum too.

        The mind boggles as there is so much conflicting information pretty much everywhere. If its not conflicting, its most likely outdated in which case, the hunt continues.

        I have a number of expenses that I want to claim through the business and I will definitely speak to my lawyer about it all, but I just wanted to get impartial views and advices from veterans in the industry anyways.

        I am able to ingest a huge amount of information, but its useless if its not correct or outdated.

        Can someone please point me to a nice blog, article or forum post which is up to date, relevant and provides good information on the types of expenses that I can claim back?

        Since writing the post, I have a number of questions that have come about about other expenses.

        1. Ipse
        2. PI, EL, PL insurance
        3. Sickness and life cover
        4. Mobile phone contract (including the phone itself)
        5. Home broadband, which I will use about 20% for business purposes
        6. Telephone line (can consider a voip line as well-better for paying per call with sipgate)
        7. A very light laptop so I can travel between offices without lugging the heavy as **** laptop that I was given
        8. A bluetooth headset that i can use for all my calls on skype


        I am sure these can be claimed by one way or another, I will pose the question to my accountant regardless, however would like to get as many views as possible on these things.

        Thank you.
        A good accountant will be, or should be, far more up to date and all encompassing knowledge wise than most on here.
        The Chunt of Chunts.

        Comment


          #14
          Originally posted by northernladuk View Post
          If these is the level you are at you are going to have a raft of further questions you will need answers for.

          Your first step is to read the Newbie Guides found on the right -->
          In the other links you will find plenty of information about expenses so have a look at those first
          Your accountant should have given you some information on expenses as well so have a look at that.

          Don't be afraid to pick up the phone and speak to your accountant. You are paying them for their services which includes advice so gather your questions and then have a chat with them. The problem with accounting by internet forum is you won't get the full picture. You get some quick yes and no's but that is often not the whole picture. For example Louisa says 'most likely yes' to travel but it's highly dependant on the 24 month rule.. What's that you ask.. It's in the links to the right and is complicated. Your accountant can clarify for you fairly quickly.

          Another useful tool you need to use is the search function. You are absolutely right, those questions are done to death and not everyone appreciates putting their time in to help someone that's not done a bit of research first. The best method to search the forums is described in the link below
          http://forums.contractoruk.com/welco...uk-forums.html

          So if you want to know about expensing IPSE you would use
          expense ipse site:forums.contractoruk.com
          and get a couple of thousand interesting threads
          https://www.google.co.uk/search?q=ex...ntractoruk.com

          Some areas you might want to spend some time on besides expenses are IR35 and maybe the 24 month rule.

          Once you've been through the basics and got a grasp then I am sure we'd be happy to help with some of the more in depth questions you might have.
          +1 but who are you and what have you done with NLUK?
          The greatest trick the devil ever pulled was convincing the world that he didn't exist

          Comment


            #15
            Originally posted by LondonManc View Post
            +1 but who are you and what have you done with NLUK?
            I thought I'd give the 'nice and helpful approach' a go. I only got 2 likes, felt decidedly unfulfilled and the OP still decided to do no research and ask stupid questions so it's back to the 'old' me....
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment


              #16
              Originally posted by alitech View Post
              Thank you so much for your informed advice on these questions.

              I am still starting out and I have read a number of blogs and pages and this forum too.

              The mind boggles as there is so much conflicting information pretty much everywhere. If its not conflicting, its most likely outdated in which case, the hunt continues.

              I have a number of expenses that I want to claim through the business and I will definitely speak to my lawyer about it all, but I just wanted to get impartial views and advices from veterans in the industry anyways.

              I am able to ingest a huge amount of information, but its useless if its not correct or outdated.

              Can someone please point me to a nice blog, article or forum post which is up to date, relevant and provides good information on the types of expenses that I can claim back?

              Since writing the post, I have a number of questions that have come about about other expenses.

              1. Ipse
              2. PI, EL, PL insurance
              3. Sickness and life cover
              4. Mobile phone contract (including the phone itself)
              5. Home broadband, which I will use about 20% for business purposes
              6. Telephone line (can consider a voip line as well-better for paying per call with sipgate)
              7. A very light laptop so I can travel between offices without lugging the heavy as **** laptop that I was given
              8. A bluetooth headset that i can use for all my calls on skype


              I am sure these can be claimed by one way or another, I will pose the question to my accountant regardless, however would like to get as many views as possible on these things.

              Thank you.
              You need to read this.....

              http://forums.contractoruk.com/accou...ml#post2374087
              'CUK forum personality of 2011 - Winner - Yes really!!!!

              Comment


                #17
                Originally posted by TheCyclingProgrammer View Post
                But as Louisa says, even if no BIK implications, its not deductible for corporation tax, because reasons.
                Louisa is right, Patrick is wrong.

                The expense is not deductible for corporation tax because IPSE is not a registered professional body with HMRC. To become a registered professional body with HRMC, the organisation needs to register their membership database with HMRC - and I'm glad that IPSE aren't going to tell HMRC who their members are
                First they ignore you, then they laugh at you, then they fight you, then you win. But Gandhi never had to deal with HMRC

                Comment


                  #18
                  Originally posted by northernladuk View Post
                  I thought I'd give the 'nice and helpful approach' a go. I only got 2 likes, felt decidedly unfulfilled and the OP still decided to do no research and ask stupid questions so it's back to the 'old' me....
                  I am indeed stupid and I revel in it sometimes, lazy is not an excuse, time is.

                  Thanks for your patience

                  Comment


                    #19
                    Just as an update, I have had my contract reviewed by an IR35 specialist who have advised me to get the contract amended so it is outside the IR35.

                    I thank Northenlady for her advice, which I am still going through.

                    Comment


                      #20
                      Public sector client?

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