Of course, you could always "find" receipts for those missing. *cough*
- 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!
Expenses / Receipts issue
Collapse
X
-
-
If you can prove the expenditure, that should be sufficient. For example, credit card statements will show you bought petrol or train tickets or accomodation, mileage records will prove you did some business-realted travelling...
Of course, if you didn't actually spend the money but claimed anyway, then you might have a slight issue. Hint: that's not called "avoidance"...Blog? What blog...?Comment
-
Any umbrella company should makes random checks to ensure that no contractor working through them is claiming anything they shouldn't be. HMR&C considers that contractors working through an umbrella company are their employees and as such it is the umbrell company's responsibility to ensure that all expense claims are legitimate. If you are unable to back up your expenses with receipts or proof of expenditure then your umbrella company should disallow the expense.Comment
-
Originally posted by Wanderer View PostUmbrellas, MSCs, BN66, IR35, S660, disguised employees, dodgy expenses etc.
Blah, I wonder sometimes, how exactly DO the Inland Revenue want us to do business???Comment
-
Originally posted by Wanderer View PostUmbrellas, MSCs, BN66, IR35, S660, disguised employees, dodgy expenses etc.
Blah, I wonder sometimes, how exactly DO the Inland Revenue want us to do business???
Whilst I agree with some of those in your list, I don't think that dodgy expenses should be part of any business, whether small or large.If you have to add a , it isn't funny. HTH. LOL.Comment
-
Originally posted by Wanderer View PostUmbrellas, MSCs, BN66, IR35, S660, disguised employees, dodgy expenses etc.
Blah, I wonder sometimes, how exactly DO the Inland Revenue want us to do business???
Remember, their job is to tax. If you make lots of money but work in a way that they mistrust, they fear loss of control and loss of tax, i.e. failure on their part.
If you were employed by a large consultancy, who raked off 60-80% of their inflated billing, paid you a shedload less, but did it on PAYE, then the Revenue would be happy. That's a positive result for them, everybody inside the right tax system, everything hunky-dory (except for you).
In fact if the work goes to India and you sign on, the Revenue would be happy. That too is not their concern, as long as tha tax is done the way they like it.Step outside posh boyComment
-
and I would advise you go back and re read ALL the information offered by your brolly to make sure there are no other major issues heading your way you are not yet aware of! Keeping reciepts is normally mentioned all over the place where other little important bits are hidden away.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
When signing up with a brolly are individuals advised what to or not to do?
Is it like a joining pack or do they get an account manager who hammers home best practice on how to work.
Am Ltd so not familiar with brolly processes and curious.Comment
-
Originally posted by Clippy View PostWhen signing up with a brolly are individuals advised what to or not to do?
Is it like a joining pack or do they get an account manager who hammers home best practice on how to work.
Am Ltd so not familiar with brolly processes and curious.
Quick answer is yes. There are 'induction' materials offered by the bigger ones.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by Clippy View PostWhen signing up with a brolly are individuals advised what to or not to do?
Is it like a joining pack or do they get an account manager who hammers home best practice on how to work.
Am Ltd so not familiar with brolly processes and curious.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
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment