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Self employed - self assessment expenses
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rayc333_2
Posts: 4 Newbie


I'm hesitating to file my first ever self-assessment because I can't find info on how to deal with expenses reimbursed to me directly in my 'pay' for each job. The Gov tax site asks for total turnover right at the beginning - should I simply deduct my expense payments from the total I've invoiced?
For other expenses like public transport costs (that I buy out of my pay to do each job) I understand that they are covered by the 'allowable expenses' section. Thanks.
For other expenses like public transport costs (that I buy out of my pay to do each job) I understand that they are covered by the 'allowable expenses' section. Thanks.
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Comments
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*I've been invoiced.0
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No, your turnover is your total amount you've billed your clients (or been paid by your clients if you are doing cash accounting). Your expenses are entered as a separate line later and equally could be billed or paid depending on if you are accrual or cash accounting.1
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