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Old 01 May 2006, 06:38 PM
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trevsubwrx1
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Default 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
Old 01 May 2006, 07:08 PM
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StickyMicky
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speak to a decent accountant

i know nothing, i let my bloke sort it all out and he charges me £90 per quarter

money well spent
Old 01 May 2006, 07:13 PM
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bootsy
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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
Old 02 May 2006, 10:55 AM
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trevsubwrx1
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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.
Old 02 May 2006, 11:54 AM
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KiwiGTI
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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.
Old 02 May 2006, 12:16 PM
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The Knives are out
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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.
Those cards CIS which stands for construction Industry Scheme funny enough are only for the thieving robbing B******Ds [Thats what the IR think of us] in the Construction Industry
Old 02 May 2006, 12:29 PM
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NorthDave
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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.
They look good mate. I could do with changing mine. Any idea of ball park costs?

Cheers

Dave
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