Claiming for Hairdressing equipment?

Pennywise

booksurr wrote: »

she won't know for sure until she asks HMRC but there is loads of evidence on the internet of people being able to claim for "specialist" scissors and brushes. It is down to her to make a case for why the equipment is "exclusively" needed for her job

And also note that "trivial" private use is acceptable - using the equipment to do your own hair, for example, doesn't stop it being an allowable expense as long as it's mostly used for your job and your motive for buying it was for your work, not for your own use.

rezarf

Well I phoned the tax office and they have advised that we complete a P87 for the last 4 tax years.

My partner will claim for her scissors etc

My brother in-law who is a mechanic will also do this as he has all the receipts from buying tools from snap-on.

If this goes through ok then it will provide a nice wee return.

Makes me wonder just how many people could also benefit from claiming the tax back on certain items but just have no idea that they can.

Thanks again to everyone who provided good advice.

I will update the outcome, however long it will take.

Rezarf

purdyoaten

rezarf wrote: »

Well I phoned the tax office and they have advised that we complete a P87 for the last 4 tax years.

My partner will claim for her scissors etc

My brother in-law who is a mechanic will also do this as he has all the receipts from buying tools from snap-on.

If this goes through ok then it will provide a nice wee return.

Makes me wonder just how many people could also benefit from claiming the tax back on certain items but just have no idea that they can.

Thanks again to everyone who provided good advice.

I will update the outcome, however long it will take.

Rezarf

You do know that your partner will get tax relief on the amount of the claim, not the value of the claim itself. For example, total claim £500 = tax repayable £100.

rezarf

purdyoaten wrote: »

You do know that your partner will get tax relief on the amount of the claim, not the value of the claim itself. For example, total claim £500 = tax repayable £100.

...

Yes I am aware thanks. If i didn't know, that would be a gutter

Better in our pockets.

Rezarf

rezarf

Hi, having looked into my partners taxes, I don't think her total income actually reaches the tax threshold so claiming will be pointless.

But on the other hand my brother in-law who is a mechanic and does pay tax has spent £5390 on tool since the beginning of 2012. He has given me a printout of all the tools he has purchased from Snap-on. He is waiting on getting a P60 from his employer.

I was wondering if there is any free software or even a spreadsheet I could use to input all his tool purchases into along with his annual wage to estimate how much tax he can claim. Also this would be good to track future tool purchases and claim at the end of the tax year?

Thanks
Rezarf

booksurr

rezarf wrote: »

I was wondering if there is any free software or even a spreadsheet I could use to input all his tool purchases into along with his annual wage to estimate how much tax he can claim. Also this would be good to track future tool purchases and claim at the end of the tax year?

Thanks
Rezarf

there are loads of online tax calculators, google it

if his total gross (ie. pre tax) income (including any other income such as bank interest etc) is less than £41,865 pa then he is a basic rate taxpayer and when he claims for tool costs he will get a 20% tax rebate of the value of the tools costs claimed, so on a claim for £5,390 he would get £1,078 refunded, it just basic maths you don't need a spreadsheet for £cost x 20% = amount to be refunded

Note however that if he claims more than £2,500 in any one single tax year he may be required to do a full tax return rather than simply submitting a P87 claim form
http://www.hmrc.gov.uk/incometax/how-to-get.htm

rezarf

booksurr wrote: »

there are loads of online tax calculators, google it

if his total gross (ie. pre tax) income (including any other income such as bank interest etc) is less than £41,865 pa then he is a basic rate taxpayer and when he claims for tool costs he will get a 20% tax rebate of the value of the tools costs claimed, so on a claim for £5,390 he would get £1,078 refunded, it just basic maths you don't need a spreadsheet for £cost x 20% = amount to be refunded

Note however that if he claims more than £2,500 in any one single tax year he may be required to do a full tax return rather than simply submitting a P87 claim form
http://www.hmrc.gov.uk/incometax/how-to-get.htm

...

yeah understand the maths. I was wanting a spreadsheet to input all the items for each tax year. This way he can add the purchases to the spreadsheet as he goes. I haven't broken the items down into tax years yet to determine if he went over the £2,500.