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re-training costs
lisadunhill
Posts: 3 Newbie
in Cutting tax
Hi, am new to this forum but am getting myself in a pickle concerning my accounts for this year and wondered if anyone could shed some light please......
This is my second year being self employed working from home, firstly i have just done my self assessment and paid my dues for 2009/2010. On the form i did not break down my costs i paid out but just put them as one payment... did i do wrong doing this?
Secondly try as i might i cannot get my head around how much i can put down as working from home expenses, i put down £2 a week for 2009/2010 accounts but i don't believe this actually covers the cost of the fact that the room i work in is solely for work purpose, i pay more rent per month for the 'luxury' of the extra room and it costs me a lot to heat this room, more than £2 a week i believe.
I am now beginning to get this years accounts sorted and wonder if £10 wk is acceptable?
Thirdly, and the one that i cant seem to find the answer for anywhere is that this year i have paid over £3000 to gain my pcv licence. I want to carry on with my interior design work but also to drive coaches when needed. My question is can i put this training cost down as expenses? I am after all only one person with one national insurance number so surely money I earn, even if used to train on a different career is still out of the same 'pot'?
I am probably wrong but i hoped i could just put all my earnings and outgoings down as one account, find it confusing if not, after all there is only me earning and spending it?
Sorry if I've waffled on but any help would be much appreciated.
This is my second year being self employed working from home, firstly i have just done my self assessment and paid my dues for 2009/2010. On the form i did not break down my costs i paid out but just put them as one payment... did i do wrong doing this?
Secondly try as i might i cannot get my head around how much i can put down as working from home expenses, i put down £2 a week for 2009/2010 accounts but i don't believe this actually covers the cost of the fact that the room i work in is solely for work purpose, i pay more rent per month for the 'luxury' of the extra room and it costs me a lot to heat this room, more than £2 a week i believe.
I am now beginning to get this years accounts sorted and wonder if £10 wk is acceptable?
Thirdly, and the one that i cant seem to find the answer for anywhere is that this year i have paid over £3000 to gain my pcv licence. I want to carry on with my interior design work but also to drive coaches when needed. My question is can i put this training cost down as expenses? I am after all only one person with one national insurance number so surely money I earn, even if used to train on a different career is still out of the same 'pot'?
I am probably wrong but i hoped i could just put all my earnings and outgoings down as one account, find it confusing if not, after all there is only me earning and spending it?
Sorry if I've waffled on but any help would be much appreciated.
0
Comments
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It's unlikely that your training costs are Ok to claim. the principle here is that you are enhancing your human capital. So for some clear cut examples:
1. My costs in getting qualified as an accountant were not claimable.
2. My ongoing continuing professional education costs are fine as, in a sense, they maintain my "licence to operate".
I am sending you links for some of the other points you've raised or this thread will get silly.Hideous Muddles from Right Charlies0 -
many thanks for your reply. I think it all makes sense now.0
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