Questions about expenses [merged]

[northernladuk]

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

Yep.

[TheCyclingProgrammer]

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

Depreciation is not a tax deductible expense.

[NotAllThere]

I think this thread has run its useful course. Locked.

[ItRYmyBEst]

Taxi trip

Is it ok if I am at my contract location and then instead of taking my usual route home in london I go to the airport to go to home in scotland, whilst charging this taxi trip as a business expense?

If I've already done it how do I tell hmrc not to take it as an expense?

[Batcher]

Is it ok if I am at my contract location and then instead of taking my usual route home in london I go to the airport to go to home in scotland, whilst charging this taxi trip as a business expense?

If I've already done it how do I tell hmrc not to take it as an expense?

Despite your username, I don't think you are trying your best.

What did your accountant say?

[Boo]

Is it ok if I am at my contract location and then instead of taking my usual route home in london I go to the airport to go to home in scotland, whilst charging this taxi trip as a business expense?

No.

If I've already done it how do I tell hmrc not to take it as an expense?

If you flag it to your accountant then s/he will make sure that it is not offfset against Corporation Tax. Otherwise if you've already filed then you will need to make a correction.

Boo

[jmo21]

No.

If you flag it to your accountant then s/he will make sure that it is not offfset against Corporation Tax. Otherwise if you've already filed then you will need to make a correction.

Boo

Presuming the OP is a contractor who lives in Scotland, commutes Monday-Friday to London, why would the taxi not be a claimable expense?

I appreciate it is poorly worded, but this is what I read situation as being.

[northernladuk]

Presuming the OP is a contractor who lives in Scotland, commutes Monday-Friday to London, why would the taxi not be a claimable expense?

I appreciate it is poorly worded, but this is what I read situation as being.

I'd go with this as well although the explanation is bloody rubbish.

OP... Start talking to your accountant a little more. He might give you a better overall explanation so you won't trip over minor points like this.

[TheCyclingProgrammer]

No.

If you flag it to your accountant then s/he will make sure that it is not offfset against Corporation Tax. Otherwise if you've already filed then you will need to make a correction.

Boo

Corporation Tax? Travel is an employee expense. If OP has claimed it, it will be an allowable expense against the company's corporation tax bill (as it is director/employee remuneration) but will be taxed as a BIK on OP.

[Scruff]

I would just expense it with no consideration as to BIK.