Reply to: Do you claim every possible expense?

[ShandyDrinker]

Because its not small company vs big company its:-

Me employed as associate for consultancy vs Permanent employee of same consultancy...

And the only reason I'm an associate is that they don't need me all the time so use me project by project when required...

We may not win but I'm hoping we can demonstrate some common sense here. The point is that they don't want people under SDorC claiming expenses because permanent staff can't claim those expenses. I just want to ensure that the reverse is equally true....

Fair comment. Would be interested to see what the outcome would be in this particular scenario.

[eek]

On what basis do you think it would fail a judicial review for big consultancies vs small contractor co? The likelihood is that our sector will be completely stitched up as we don't really have the resources of big consultancies...

Because its not small company vs big company its:-

Me employed as associate for consultancy vs Permanent employee of same consultancy...

And the only reason I'm an associate is that they don't need me all the time so use me project by project when required...

We may not win but I'm hoping we can demonstrate some common sense here. The point is that they don't want people under SDorC claiming expenses because permanent staff can't claim those expenses. I just want to ensure that the reverse is equally true....

[BolshieBastard]

do I claim every possible expense? Is the OP really saying 'do you take the piss?'

Answer, no, as in everything I do. doesnt stop some from doing it though.

[ShandyDrinker]

Well they can remove expenses from me and allow big consultancies to keep them but that would utterly fail a judicial review. So the choice are probably find a compromise very quickly or watch the consultancies really struggle to get staff working away from home...

We want you to spend 6 months monday to friday at the other end of the country. HMRC will be treating your £800 weekly hotel and meals bill as taxable income, hope you don't mind..

On what basis do you think it would fail a judicial review for big consultancies vs small contractor co? The likelihood is that our sector will be completely stitched up as we don't really have the resources of big consultancies...

[ShandyDrinker]

I know this is going to sound pessimistic, but the current sentiment is hardly positive...
Is it possible that we are only serving to provide a more accurate figure for the amount of extra cash the government is going to be raising from the proposed changes.
David Cameron was accurate in his statement about small business being vital in the government's economic plans. We're vital in that we're going to be paying more tax.

A very cynical way of looking at it but you could well be right!

[eek]

I know this is going to sound pessimistic, but the current sentiment is hardly positive...
Is it possible that we are only serving to provide a more accurate figure for the amount of extra cash the government is going to be raising from the proposed changes.
David Cameron was accurate in his statement about small business being vital in the government's economic plans. We're vital in that we're going to be paying more tax.

Well they can remove expenses from me and allow big consultancies to keep them but that would utterly fail a judicial review. So the choice are probably find a compromise very quickly or watch the consultancies really struggle to get staff working away from home...

We want you to spend 6 months monday to friday at the other end of the country. HMRC will be treating your £800 weekly hotel and meals bill as taxable income, hope you don't mind..

[darrylmg]

You better hope that the consultation regarding Travel and Subsistence is changed from the current proposal as, unless it changes, from April 2016 expenses will probably not be claimable...

If you haven't filled in the surveys yet please do so. You can find the links in my signiture below..

I know this is going to sound pessimistic, but the current sentiment is hardly positive...
Is it possible that we are only serving to provide a more accurate figure for the amount of extra cash the government is going to be raising from the proposed changes.
David Cameron was accurate in his statement about small business being vital in the government's economic plans. We're vital in that we're going to be paying more tax.

[eek]

Hopefully only (365x2)-1, else you'll fall into the expenses 2 year trap (unless they change the rules...).

Because of the dividend changes, I'm going to start bothering claiming for everything I'm entitled to claim.
There's no way I can plonk the extra % on top of my invoices, I need to remain competitive.

You better hope that the consultation regarding Travel and Subsistence is changed from the current proposal as, unless it changes, from April 2016 expenses will probably not be claimable...

If you haven't filled in the surveys yet please do so. You can find the links in my signiture below..

[darrylmg]

Hi,

... 4K season ticket up to two years ...

Hopefully only (365x2)-1, else you'll fall into the expenses 2 year trap (unless they change the rules...).

Because of the dividend changes, I'm going to start bothering claiming for everything I'm entitled to claim.
There's no way I can plonk the extra % on top of my invoices, I need to remain competitive.

[NotAllThere]

I used to, but now I can't be bothered for small amounts. I focus on generating more fees - it's more cost effective.

[northernladuk]

On point of principle I claim for anything that is genuinely only for business. If it's really an effort to administer then perhaps time to review your bookkeeping methods...

This. I even claim the postage for sending contracts back but am squeaky clean when it comes to slightly questionable items. There is a big difference between pedantic and slack with your accounts.

[Contreras]

On point of principle I claim for anything that is genuinely only for business. If it's really an effort to administer then perhaps time to review your bookkeeping methods...

Unless the items are cash only then I pay using company debit card. Endeavour to keep all receipts, but this less critical as the business bank statement is already a record of the expense. (Yes I know the same could be said of personal bank statement but I prefer to not to give Hector an easy excuse to request that.) Doing it this way also means the ledger will not reconcile until all expenses have been accounted for. Whether you see that as a good or a bad thing - YMMV.

[SueEllen]

Claim them.

You can enter them in as a job lot on your expenses per week as long as you have the receipts.

[TheCoconutDog]

How hard can it be to record a claim for £5?!?! £5x4x48=£960/yr, tax free - so yes, I would claim it. It'll take you all of 2 mins to record a week's worth of parking.

[siouxchief]

Looking forward to it eek. Just spotted the survey.