Tax Allowances

tyrone2014

Hi All


Quick Question
I am newly self employed and it doesn't look like i will be going over the £9,440 personal allowance limit for 2013/14
Im spending about £100 a month for petrol to get to jobs and have spent a £100 for work clothes so i want to know should and can i claim this back at the end of the year even though i will not be paying any tax only national insurance.

thanks

nannytone_2

you think HMRC should be paying you?

McKneff

for someone who is self employed you seem to have little knowledge of the tax and NI system.

You really need to read some literature about it.

You would only be able to claim a tax allowance on those things, but seeing as you are not
going to be paying any tax, you cant claim money back that yu haven't paid.

Ring the HMRC and ask for a self employment pack..

tyrone2014

nannytone wrote: »

you think HMRC should be paying you?

i dont think so but if they didnt i wouldnt be saying no would u ?

nannytone_2

they can refund the tax you HAVE PAID for certaint expenses.
how can they refund what you havent paid?

tyrone2014

McKneff wrote: »

for someone who is self employed you seem to have little knowledge of the tax and NI system.

You really need to read some literature about it.

You would only be able to claim a tax allowance on those things, but seeing as you are not
going to be paying any tax, you cant claim money back that yu haven't paid.

Ring the HMRC and ask for a self employment pack..

NEWLY self employed and i have been doing some research but there is so much things it goes over your head
i thank you for clearing up my question in about 10 seconds i
understand now and shame there is nothing to help low income self employed people as you have to be working over 30 hours a week or have a child if i am correct there is nothing if your only earning about £700 a month

Once again thank for answering the first question basically if i don't earn more than £9440 then i will not pay any tax only NI but no point in claim for petrol etc if i earn more then i can claim those things against the amount of tax i have to pay

tyrone2014

nannytone wrote: »

they can refund the tax you HAVE PAID for certaint expenses.
how can they refund what you havent paid?

I understand now i just though you may get some money back for expenses even if you dont earn enough to be paying tax

notanewuser

From your other thread it isn't clear if you genuinely are self employed.

zagfles

You should be able to deduct expenses from the amount you pay NI on, though I'm not sure exactly how NI works for the SE. The "cutting tax" board is good for this sort of thing.

The original question isn't as stupid as it sounds, there are cases where you can get tax relief without paying tax, for instance pension contributions. You get basic rate tax relief added to your pension even if you don't pay tax!

tyrone2014

notanewuser wrote: »

From your other thread it isn't clear if you genuinely are self employed.

yes they will i have spoken them and as its an agency i am employed by the clients not the company also registered with different agency but as you see the work has dried up and hours been cut right down but thanks for being so helpful

notanewuser

zagfles wrote: »

You should be able to deduct expenses from the amount you pay NI on, though I'm not sure exactly how NI works for the SE. The "cutting tax" board is good for this sort of thing.

Class 2 contributions are flat rate.