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Help doing my self assessment
deanbwfc
Posts: 22 Forumite
Hi, i'm just looking for help doing my online self assessment before 31 Jan, got a few things i'm not sure about.....
I'm a self employed plumber and starting working self employed in May 2010, i've got all my inoices and receipts together and ready to do the tax return. First of all i bought a van in June 2010 (got the invoice) and basically my wealthy uncle paid for it and i pay him back £30 a week, how would i treat this on my return?
After looking through the HMRC notes i understand that i need to try and split how much i use the van for work and how much i use it for private, i would say as an estimate 70% work 30% private. The bigger issue is the mileage i've got all my petrol receipts but i'm not sure how many miles i did per job (i will note this down in future) so i do around 12,000 miles a year, is it acceptable to split the 12,000 miles by 70% and so claim 40p for 8,400 miles for work?
Mobile phone top ups, again i use most of these for work and 70% would be about right, do i claim 70% back as expenses?
The insurance on the van (£90 a month) do i count this as expenses to be claimed back in full?
Within the year i paid in £1,900 from a whip last claim from a couple of years ago, would i count this as income?
Thanks for your help
I'm a self employed plumber and starting working self employed in May 2010, i've got all my inoices and receipts together and ready to do the tax return. First of all i bought a van in June 2010 (got the invoice) and basically my wealthy uncle paid for it and i pay him back £30 a week, how would i treat this on my return?
After looking through the HMRC notes i understand that i need to try and split how much i use the van for work and how much i use it for private, i would say as an estimate 70% work 30% private. The bigger issue is the mileage i've got all my petrol receipts but i'm not sure how many miles i did per job (i will note this down in future) so i do around 12,000 miles a year, is it acceptable to split the 12,000 miles by 70% and so claim 40p for 8,400 miles for work?
Mobile phone top ups, again i use most of these for work and 70% would be about right, do i claim 70% back as expenses?
The insurance on the van (£90 a month) do i count this as expenses to be claimed back in full?
Within the year i paid in £1,900 from a whip last claim from a couple of years ago, would i count this as income?
Thanks for your help
0
Comments
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Dean, most of the people who are trying to complete their SA post in the Cutting Tax board so maybe you should go there too. I am sure one of the HMRC experts there will help.Who having known the diamond will concern himself with glass?
Rudyard Kipling0
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