...only during the week, only as he has a contract in the area. I believe he can claim the cost of his expenses, but what do I need to supply him with? Printed reciept ok, it's going to be < £50 per week so do I need to declare this on my tax return?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Friend staying at my appartment....
Collapse
X
-
-
Originally posted by kirk...only during the week, only as he has a contract in the area. I believe he can claim the cost of his expenses, but what do I need to supply him with? Printed reciept ok, it's going to be < £50 per week so do I need to declare this on my tax return?
You're charging a 'friend'? What kind of friend are you?? -
Originally posted by KyajaeYou're charging a 'friend'? What kind of friend are you??
- One without much money!
Comment
-
Right.Originally posted by kirk
- One without much money!
My advice is give him receipts on the basis of a private B&B arangement and pocket the cash. The IR will takes years, if at all, to twig it. Just make sure payment is in cash.Comment
-
Two things that may be of relevance:-
1) The rent a room scheme. http://www.hmrc.gov.uk/individuals/t...m-scheme.shtml
2) Your "friend" maight like to read this. http://www.hmrc.gov.uk/manuals/eimanual/EIM30073.htm
I am sure you can find some mutually satisfactory parameters for both sides
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers

Comment