• 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!

Use of Home

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Use of Home

    Quickie: Is the amount you can claim as an expense still currently £3 per week?

    #2
    Originally posted by Clippy View Post
    Quickie: Is the amount you can claim as an expense still currently £3 per week?
    according to my accountant I can claim £10 per week
    "Ask not what you can do for your country. Ask what's for lunch." - Orson Welles

    Norrahe's blog

    Comment


      #3
      HMRC Examples :

      http://www.hmrc.gov.uk/manuals/bimmanual/bim47820.htm

      Specific deductions: use of home: examples
      "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

      Comment


        #4
        Some great links there from DaveB.

        Do people just claim the £3/per week (a laughable amount for office expenses) or do you tot up your household bills and claim X% of it, in which case, what percentage of the bills do folks here actually claim?
        Free advice and opinions - refunds are available if you are not 100% satisfied.

        Comment


          #5
          I feel sorry for the person who fits into example four of the second link. Spending 14 hours a day at home writing a book? I'm wondering how the author fits time to see the family.
          If your company is the best place to work in, for a mere £500 p/d, you can advertise here.

          Comment


            #6
            £65/month according to my accountant
            "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

            Comment


              #7
              £3 per week is the norm. The revenue likes to keep this to a minimum. Most accountants you will find put through a buffer of anything up to £250 per annum.
              http://uk.linkedin.com/pub/dan-moss/18/18/105

              Comment


                #8
                Originally posted by Jog On View Post
                £65/month according to my accountant
                I charge £15 per week. I haven't done the sums myself but Mrs Bloggs reckons she did and it came out at £15 per week. Accountant has said nothing and I've been doing that for several years now.
                Public Service Posting by the BBC - Bloggs Bulls**t Corp.
                Officially CUK certified - Thick as f**k.

                Comment


                  #9
                  The differential seems to be whether you are required to work from home or if you chose to. If you have no choice but to work from home you can claim for a proportion of household expenses which is calculated by dividing bills by the number of rooms in your house which could be used as a home office; if it is your choice to work from home then that's where the £3 per week comes in.
                  Connect with me on LinkedIn

                  Follow us on Twitter.

                  ContractorUK Best Forum Advisor 2015

                  Comment


                    #10
                    Originally posted by Fred Bloggs View Post
                    I charge £15 per week. I haven't done the sums myself but Mrs Bloggs reckons she did and it came out at £15 per week. Accountant has said nothing and I've been doing that for several years now.
                    Sounds about right

                    I pay my accountant enough to give me accurate advice. I do do a fair amount of plan B on the evening weekends as well.
                    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

                    Comment

                    Working...
                    X