Self Assessment and allowable expenses

visamaster

I am currently working within the casino industry and therefore a gaming licence is mandatory. This licence is issued by a government department and costs a small fortune. Does anyone know if it can be included on you self assessment for tax purposes ?


visamaster

PlutoinCapricorn

If you will not be permitted to operate without it, i.e. it is ESSENTIAL, then yes, it is a legitimate business expense.

It would not be allowable if you were training in the hope of getting work though.

TheCyclingProgrammer

Unless there is a specific exemption, then it IMO it clearly passes the "wholly and exclusively" test which would make it allowable.

booksurr

do you mean a Personal Functional Licence costing £185 per year?
http://www.gamblingcommission.gov.uk/gambling_sectors/casinos/getting_a_licence_what_you_ne/applying_for_a_licence_-_casin/apply_for_a_pfl.aspx

if yes then you write to your tax office (address on payslip or ask employer) and claim the tax relief. Note you will get tax relief, not a refund of the cost of the licence itself, so if you are a basic rate taxpayer you will get 185 x 20% = £37. HMRC will either adjust your tax code or they may make a payment if you are claiming for back years. Note you can only claim as far back as 6 April 2010 (ie start of 10/11 tax year)

visamaster

I definitely cant work without it. What does IMO mean ? And its a PML costing £300 odd. Thanks Pluto...... , TheCylingPro.... and booksurr.


visamaster

TheCyclingProgrammer

visamaster wrote: »

What does IMO mean

IMO = In My Opinion.

And also IANAA. (I am not an accountant).