Help with Driving Instructor Taxable Allowances

oldandbald_2

Hello there,

I normally get a tax company to sort out my tax return but this year I'm on my own. I want to get it completed for the 31st January.

What I want to know please are the taxable allowances (proportions?) for :

Fuel
Car maintenance
Phone (landline)
Mobile
Internet
Mortgage/Gas/Electricity/Council tax ie. running an 'office' from home
NI and pension
Advertising

Is it a case working out what is private use and business use for each item.

Eg :

I rarely use the car outside work. Probably 90% So can I claim 90% of my car bills?

Well I don't really have an 'office', just the kitchen table.

I rarely use the internet for work; but who would know and how much could I get away with?

Etc.

Please could someone help and explain what I can do.

Thanks

chriiiiiiiis

oldandbald wrote: »

I normally get a tax company to sort out my tax return but this year I'm on my own. I want to get it completed for the 31st January.

Congratulations - You're one of the thousands of people who've left their tax return til the last minute and haven't got a clue where to start.

Nothing will be paid for - you'll only get tax relief.

And regarding your internet use - you'll only claim the proportion related to business because you're expected to be honest.

fengirl_2

You should be referring to last years' return to see what proportion of motor and household bills and phone were disallowed as HMRC would expect this proportion to remain pretty constant,
Pension goes on the allowances part of the return, not business incime and NI is private, so goes in drawings,
I really fear this is beyond you - please get help.

soolin

I echo the above, business accounts are too complicated for a lay person who needs to ask quite basic questions. Get help and get it quick as otherwise you'll be stuck penalties and interest. As a rule of thumb though use the same proportions as the previous year and make sure you have full back up by way of books, receipts invoices etc in case you get audited. Your actual 'books' should be kept for a minimum of 6 years incidentally.