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Expenses!

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    #21
    Originally posted by Clare@InTouch View Post
    I believe the link Clare provided will sort you right out!

    Comment


      #22
      Originally posted by Sockpuppet View Post
      When you say claim do you mean....

      Hotel costs £100 so you add £100 to your bill for the client.

      or

      Hotel costs £100 so you offset £100 against your tax bill (saving between £20-£50 depending on tax rate).
      Basically yes, the point is that I am owed several weeks tax free!

      I have looked at the P87 form previously but initially moved on as its limited to £2500 and the next option is filling in a tax return at the end of the year and probably for the next three years and maybe getting the tax relief some time next year, maybe. Not a good option. So I might go back to the P87 and limit the claim to £2500, Ive no Idea how the relief comes back or when?

      Comment


        #23
        Originally posted by Bones View Post
        I dont have an accountant I have a new umbrella company who has dropped me right in the sh@&


        Just say 'NO!' to brollies!
        I couldn't give two fornicators! Yes, really!

        Comment


          #24
          Originally posted by Bones View Post
          Basically yes, the point is that I am owed several weeks tax free!

          I have looked at the P87 form previously but initially moved on as its limited to £2500 and the next option is filling in a tax return at the end of the year and probably for the next three years and maybe getting the tax relief some time next year, maybe. Not a good option. So I might go back to the P87 and limit the claim to £2500, Ive no Idea how the relief comes back or when?
          So fill in an SAR and get it soerted over next year. It's not actually that hard.

          And a degree of reality checking would help perhaps - you're talking about £500 that you haven't actually lost and will get interest on at above the going rate.
          Blog? What blog...?

          Comment


            #25
            Originally posted by malvolio View Post
            So fill in an SAR and get it soerted over next year. It's not actually that hard.

            And a degree of reality checking would help perhaps - you're talking about £500 that you haven't actually lost and will get interest on at above the going rate.
            +1.

            Also remember that you can do your SAR now and get your tax code amended as you've over paid. That will be sent to brolly who will use it from next wage slip. Simples.

            Comment


              #26
              Originally posted by BolshieBastard View Post


              Just say 'NO!' to brollies!
              BB I've missed you
              Connect with me on LinkedIn

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              ContractorUK Best Forum Advisor 2015

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