MYSTERY SHOPPING THREAD XV - please, no mention of client names or fees on here

Puzzcat

dazza.mk wrote: »

Often debated point but theoretically oif you are gaining a benefit from the product it shouldn't go as deductible purchase on your return.

ie:
Take GAP Fast Food, you are asked to purchase specific meals and comment on them, you might not have purchased them given a choice, its 'incidental' that you may not need lunch therefore you could claim it as an expense on your tax form.

or:
Take some of the TNS Supermarkets, where you will be reimbursed upton £3-4, given you've got free reign on what to purchase you are gaining a benefit (as probably your weekly shop will be a couple of pounds less), and as such you'd probably find it difficult to argue that it was a valid expense.

This is exactly what I do, if its a meal out/in and I have to consume it to complete the report I put it as an expense. If I have to purchase something like food shopping/book/make up then I don't.

jen_br

****FROM HRMC DIRECT*****

ALL turnover has to be reported things you purchase even if consumed or used is an expnse AS LONG AS YOU HAVE RECEPIT and can prove its for said company

for example:

30.00 - from RE that is my income for pizza job

21.00 expenses incl mileage pizza paper etc

9.00 profit

you must report the 30.00 as income but then under expenses youd list the 21.00

HTH

kman

squidgeum wrote: »

Anybody else having problems with the Gfk Cinema test? I just cannot get it right and there are only 4 questions :eek:.

2 of the answers are 'all of the above'... HTH

jen_br

pm me ill help u out!

squidgeum

jen_br wrote: »

pm me ill help u out!

Sorted now Jen, but thank you for the offer.

misssarahleigh

Puzzcat wrote: »

This is exactly what I do, if its a meal out/in and I have to consume it to complete the report I put it as an expense. If I have to purchase something like food shopping/book/make up then I don't.

Shame we can't start a poll on this, likes like 2 on each side at the moment lol

jen_br

misssarahleigh wrote: »

Shame we can't start a poll on this, likes like 2 on each side at the moment lol

wellll mine is coming from an HRMC advisor who specializes in Self Assessments!

I have filed this way for 6 yrs with regards to expenses and never had a problem..

jen_br

PS is anyone in the Perth area? or been there.. I need to go up there for a meeting and need to stay overnight.. anyone reccomend a hotel?

misssarahleigh

jen_br wrote: »

wellll mine is coming from an HRMC advisor who specializes in Self Assessments!

I have filed this way for 6 yrs with regards to expenses and never had a problem..

Ok, in basic simples i would understand, as from what i read of the previous post i only get more confused.

Would a book bought as part of a m/shop be added to your expenses?

jen_br

Ok sorry... Let me try again ..

IN answer to your question YES!

So you would report the amount you would get paid i.e. 20.00 (10.00 fee 10.00 purchase)

but in expenses you would list the 10.00 purchase.

the only time you wouldn't record the expense is if the item goes back like buying shoes etc and sending them back to the company