Self Employment Help???
#1
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Self Employment Help???
I am due to go self employed soon, but will get a regular wage on a contract. I will be responsible for my own fuel/transport costs (up to 300 miles per week), and paying my own NI contributions etc. Does anyone know what I claim back against tax under the self employment thingy? (really after knowing about claims for fuel/car etc).
Cheers in advance
Cheers in advance
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i went self employed about 6 month ago .you claim at the end of the tax year for fuel for work and stuff you use for work ( boots, gloves,tools,clothes and consumables).
what work are you doing mate.i'm a engineer and subcontracts to the construction industry and i use a cis card through the inland revenue.i put a invoice in every month and get payed by cheque.I.N.contribution payed by dd
with a cis card my contractor sort my tax out every month
hope that help
what work are you doing mate.i'm a engineer and subcontracts to the construction industry and i use a cis card through the inland revenue.i put a invoice in every month and get payed by cheque.I.N.contribution payed by dd
with a cis card my contractor sort my tax out every month
hope that help
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Thanks Bootsy.
I will be a self employed consultant to a government sector, but it involves commuting around the country. Like I said, could be upwards of 300 miles per week, which may prove expensive, the car will be soley for the job and I will also have stationary etc to budget in as outlays. Those cards you mentioned look interesting, will have to look into those.
I will be a self employed consultant to a government sector, but it involves commuting around the country. Like I said, could be upwards of 300 miles per week, which may prove expensive, the car will be soley for the job and I will also have stationary etc to budget in as outlays. Those cards you mentioned look interesting, will have to look into those.
#5
Set up a Ltd company, just claim mileage as an employee of the company.
Pay yourself minimum wage too.
http://www.sjdaccountancy.com/about/...ntractors.html
are very good.
Pay yourself minimum wage too.
http://www.sjdaccountancy.com/about/...ntractors.html
are very good.
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Originally Posted by trevsubwrx1
Thanks Bootsy.
I will be a self employed consultant to a government sector, but it involves commuting around the country. Like I said, could be upwards of 300 miles per week, which may prove expensive, the car will be soley for the job and I will also have stationary etc to budget in as outlays. Those cards you mentioned look interesting, will have to look into those.
I will be a self employed consultant to a government sector, but it involves commuting around the country. Like I said, could be upwards of 300 miles per week, which may prove expensive, the car will be soley for the job and I will also have stationary etc to budget in as outlays. Those cards you mentioned look interesting, will have to look into those.
#7
Originally Posted by KiwiGTI
Set up a Ltd company, just claim mileage as an employee of the company.
Pay yourself minimum wage too.
http://www.sjdaccountancy.com/about/...ntractors.html
are very good.
Pay yourself minimum wage too.
http://www.sjdaccountancy.com/about/...ntractors.html
are very good.
Cheers
Dave
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