Originally posted by mradam
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Director with no salary - self assessment options
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Oh wow if that turns out to be the cause of the error message I won't half feel a bit of a pillock.Comment
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Originally posted by mradam View PostThanks Contreras.
Expenses have purely been mileage and travel to and from work (when not my standard office) and lunch and occasional coffee when traveling to sites away from normal working location.
I've also had to expense an item bought FOR my client's business (a router) which was £40.
The mileage is exempt assuming it's at the usual rates.
Your other travel and subsistence would usually be reported on your P11D. You would need to enter the expense payments received on your self assessment and claim the same amount as business expenses.
As you presumably don't have a P11D, I would agree with Contreras on this and not worry about them. It makes no difference to the tax and I can't see HMRC querying it, especially as from this tax year onwards employers can effectively self assess what should appear on the P11D and no longer need to include stuff that would be tax deductible anyway.Comment
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Originally posted by mradam View PostOh wow if that turns out to be the cause of the error message I won't half feel a bit of a pillock.Comment
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Thanks - that's great. It's surprising though a my P11D from my old company only includes my private medical care and doesn't include any of the substinance I expensed when working there.
So for now it looks like on my self assessment I will include the consultancy as an employment, leave the pay and tips BLANK (not zero!) and also say NO to having any benefits or expenses. I will check with my accountant on his return of course.Comment
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Your previous employer probably had a dispensation for business travel and subsistence which is why it wouldn't have been there.Comment
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Thanks all - I have left the fields blank as suggested rather than put 0 and it has worked!
I have also been able to speak to my accountant who has told me not to put my expenses as I have received no reimbursement for expenses that need to be declared on a PIID. He told me to leave them blank as well.
Thank you againComment
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