Expenses - pushing the envelope

[captainham]

If you read the ruling posted you would see otherwise. There has to be some common sense applied here as what one person would think is a valid business expense in their little world really isn't. A line has to be drawn where the piss starts to be taken in anything like this.

Fair do's, I didn't read the ruling but now perhaps I will

[psychocandy]

Im going to do a tourism site for Slough. Might have to visit for a week.

Easily get away with this one with HMRC because no-one visits there for the fun of it!

[speling bee]

If you read the ruling posted you would see otherwise. There has to be some common sense applied here as what one person would think is a valid business expense in their little world really isn't. A line has to be drawn where the piss starts to be taken in anything like this.

I am a simple man in such matters. My starting point is that if something is a genuine business expense I will incur it through the business and not worry about it and document it properly. I am not concerned that I have bought two laptops within 12 months as there is a genuine business need. Why would my business not do it?

If something is not a genuine business expense, I don't incur it through the business even if I think that I might be able to make a case that it si or otherwise get away with it. I believe that a straightforward approach is the best.

I don't want to sit across the table from one of Her Majesty's finest umming and erring about why a particular train ticket is being claimed for. And indeed I don't want to cheat the system. But I am not going to fret about genuine expenses, unless there are clear rules to the contrary (e.g. 24 months rule).

The OP knows whether this is genuine expenditure to turn a profit for his business or not. If it is, do it and if it isn't don't. But if you do, document it properly and have a business plan.

I claim no expertise but you did ask.

[PorkPie]

Im going to do a tourism site for Slough. Might have to visit for a week.

Good luck soldier. You may not return. Fair thee well.

[northernladuk]

I am a simple man in such matters. My starting point is that if something is a genuine business expense I will incur it through the business and not worry about it and document it properly. I am not concerned that I have bought two laptops within 12 months as there is a genuine business need. Why would my business not do it?

If something is not a genuine business expense, I don't incur it through the business even if I think that I might be able to make a case that it si or otherwise get away with it. I believe that a straightforward approach is the best.

I don't want to sit across the table from one of Her Majesty's finest umming and erring about why a particular train ticket is being claimed for. And indeed I don't want to cheat the system. But I am not going to fret about genuine expenses, unless there are clear rules to the contrary (e.g. 24 months rule).

I completely agree. A good approach.

The OP knows whether this is genuine expenditure to turn a profit for his business or not. If it is, do it and if it isn't don't. But if you do, document it properly and have a business plan.

I would argue he doesn't but there you go.

I claim no expertise but you did ask.

I did lol

[speling bee]

I completely agree. A good approach.



I would argue he doesn't but there you go.



I did lol

Well, you did ask for it, perhaps.

He knows if he is legit or not.