I'm new to contracting and signing up with an umbrella coy - some say I need receipts for expenses, others say I don't. Which is correct? They all claim to be inland revenue approved.
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Anyone who says you don't need receipts is talking tulipe. Especially if they are an umbrella.
Other than your staying away from home PIE limit of a fiver a day, you have to be able to prove (and justify) expenditure for EVERYTHING. -
I'm not selling or reccomanding this service but this page may answer your questions.Your parents ruin the first half of your life and your kids ruin the second halfComment
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Hmmm... You may find http://www.pcg.org.uk/cms/index.php?...759&Itemid=321 rather more informative and unbiased, especially the Guide to Freelancing.Originally posted by MrsGoof
And make sure you join anyway, it will be the best £200 you spend.Blog? What blog...?
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Why biased??????????? How much of that £200 do you get Mal?? Talk aboutOriginally posted by malvolio
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OkOriginally posted by John GaltTalk about"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Receipts
You still need receipts to prove that the PIE payment was properly calculated.Originally posted by Emperor DalekComment
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Nothing. Amazingly, it is possible to support something without having to be paid for it.Originally posted by John GaltWhy biased??????????? How much of that £200 do you get Mal?? Talk aboutBlog? What blog...?Comment
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You are mistaken. Receipts are not required. http://www.hmrc.gov.uk//manuals/nimmanual/NIM06030.htmOriginally posted by Bradley
And for the OP receipts are not strictly necessary. However this is the most convenient method of satisfying to an inspector the expenditure took place.Comment
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