quote:

---

Originally posted by deano87

quote:

---

Originally posted by dannymccann
for which she keeps a log in her accounting package

---

What does she use?

---

quote:

---

Originally posted by Ian
Tools yes, the way to calculate depends on the value and whether they're new or replacement.

Fuel you can do but it depends on how the car was bought - probably best for you to do mileage claim which is 45p/mile for the first 10k and 25p thereafter I think. That includes the running costs for the car so you can't claim that also but if its a cheaper car that normally works out better.

Can also do PPE and a proportion of some household expenses.

---

I claim my train fares about 4k a year. 4 pairs of boots 2 new scaff spanners. Every year same thing

quote:

---

Originally posted by dannymccann
for which she keeps a log in her accounting package

---

Careful on claiming tax relief on home office, when you come to sell your house you could be liable for CGT on the % you've been using as an office, which is why I don't stick that through the wife's self assessment.

As for vehicles, if the vehicle is 100% business use only i believe you can offset all costs of ownership in full. Again as my wife uses the family barge we just use the 45p a mile claim on all business mileage, for which she keeps a log in her accounting package incase any questions are asked

Tools yes, the way to calculate depends on the value and whether they're new or replacement.

Fuel you can do but it depends on how the car was bought - probably best for you to do mileage claim which is 45p/mile for the first 10k and 25p thereafter I think. That includes the running costs for the car so you can't claim that also but if its a cheaper car that normally works out better.

Can also do PPE and a proportion of some household expenses.

quote:

---

Originally posted by Ian

quote:

---

Originally posted by Rob_Quads
If your clever you will pay no additional tax due to all the extra costs you incure like heating an office etc. Costs of buying computer parts etc etc.

---

You can only offset the proportion which contributed to that income. So you can't pay someone else's office bill if you were on in there a week.

That said, there are legitimate expenses you can claim and you should check that out. But you can't bosh in some random receipts in the hope that you've lost money.

---

:thumbs:

So a pack of pens and a pad I'll be alright :lol:

I agree you can''t just put anything in but any IT equipment you buy you can offset part of that. You can also have around £3? per week to cover the cost of your office if you work from home.

If its less than 30K they didn't even care last time I filled the forms in and just said put it all together and put the total in.

If your claiming less than 30K then its not worth their while investigating you as it will cost them more than 30K. There are much bigger fish to fry

quote:

---

Originally posted by Rob_Quads
If your clever you will pay no additional tax due to all the extra costs you incure like heating an office etc. Costs of buying computer parts etc etc.

---

Cheers all :thumbs:

If its only a one time job I would just get them to pay in cash. Its not worth HMRC while going after you.

If you need to go the official route make sure you let HMRC know within 3 months of your invoice otherwise you will get fined.

I did what your doing a few years ago. You just had to fill in the self assessment at the end of the year. If your clever you will pay no additional tax due to all the extra costs you incure like heating an office etc. Costs of buying computer parts etc etc.

I'm not worried. Just depends on how well it goes and whether I can do it more in my spare time.

[Edited on 01-10-2014 by deano87]

You've already used up your allowances on your full time employment, that's why its called a personal allowance.

Register as self-employed and do a tax return.

You worry far too much, Deano. If it's just a one off, I highky doubt the tax man is going to come looking for you.

As Pow said, get them to pay cash. Solves the problem.

Honestly? Just get them to pay you cash. Noone is ever going to find out.

There is no 'undeclared' limit. You do a self assessment, you declare your extra income, you tell them how much tax and NI you've already paid and they tell you what you owe. You can also apply for a certificate of small earnings if your income on the side is below ~£5600 - meaning you pay no extra NI on top of your normal pay.

Useful post: http://www.brighton-accountants.com/blog/tax-self-employment-still-employed/

quote:

---

Originally posted by johnny86
I think it's about 4600 undeclared

---

I think it's about 4600 undeclared

I currently have the opportunity to build someones website for them. They're a local builder/carpenter and so don't need anything fancy, just a few pages plus project image library and example projects. They'd ideally like to update it themselves once built so I am considering using the GoDaddy.com website builder. Although WordPress is simple it can still take a while to get your head around it.

Anyway, I work full time and am PAYE.

If I earn something "on the side" - and continue to do so for other people, I presume this would need to be declared? Or can I earn up to the tax free allowance before having to declare?

I know Google will be my friend to ask but I thought I'd ask on here. I presume as I am PAYE I get taxed on that, so would get taxed on this additional income and require to submit my own tax return i.e. P60 and evidence of "on the side" earnings.

:wave: