Expenses questions

Mr.Wrong

Hi guys.
Just a quick question about expenses...
I am self employed, and not on a high wage so assuming I have £500-1000 tax to pay at the end of the tax year ( i am in CIS so 20% is deducted and obviously repaid back to me but I will owe some still if I earn enough)

Lets say I have £500 in tax to be paid, can I have expenses up to the amount of tax owed so that I don't actually pay any tax and I get new tools etc?
I am a little new to it all and am looking to buy some tools, safety work wear.



ALSO

big question, can I claim back my CSCS test/card/health and safety course fees back?

many thanks

zygurat789

Mr.Wrong wrote: »

Hi guys.
Just a quick question about expenses...
I am self employed, and not on a high wage so assuming I have £500-1000 tax to pay at the end of the tax year ( i am in CIS so 20% is deducted and obviously repaid back to me but I will owe some still if I earn enough)

Lets say I have £500 in tax to be paid, can I have expenses up to the amount of tax owed so that I don't actually pay any tax and I get new tools etc?
I am a little new to it all and am looking to buy some tools, safety work wear.



ALSO

big question, can I claim back my CSCS test/card/health and safety course fees back?

many thanks

If all your labour income is in the CIS scheme then 20% tax will have been deducted from it. In these circumstances I don't quite see how you can owe more tax, in fact, most people in your situation get their tax returns in before the end of April to get the refund.