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Self Assesment
luciequk
Posts: 14 Forumite
in Cutting tax
Quick question..(This is my first year of being self employed)!
I work as a freelance interpreter so when I invoice clients, I charge them £0.25 a mile also.
Therefore, when filling in my Tax return, do I have to include the money earnt from mileage in my turnover? Which means i get it taxed in the end? Or should I just include earnings only on my return? And all the petrol money earnt is mine to keep 100%?
Thanksxx
I work as a freelance interpreter so when I invoice clients, I charge them £0.25 a mile also.
Therefore, when filling in my Tax return, do I have to include the money earnt from mileage in my turnover? Which means i get it taxed in the end? Or should I just include earnings only on my return? And all the petrol money earnt is mine to keep 100%?
Thanksxx
0
Comments
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Yes, you need to include all your income, including any expenses which you pass on to clients.
You won't pay tax on this money as I hope you are including 40p per mile for the first 10,000 miles and 25p pm thereafter in your accounts!£705,000 raised by client groups in the past 18 mths :beer:0
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