Tax deduction in the UK??
May 7th 2008, 11:21 am
#1
Just Joined
Thread Starter
Joined: May 2008
Posts: 25
Tax deduction in the UK??
Sorry I have been badgering you all with questions lately - hopefully this is the last for awhile.
I know about setting yourself up as a director of a limited company, but is there a website somewhere that I can get OFFICIAL information on things like what is a deductible work expense under UK tax laws? For example, if I have an ABN in Australia and buy a PC I can claim back the cost (though often delayed) if it is a genuine work expense. Are there such allowances in the UK.
Basically - tax information for sole traders/business costs in the UK.
Thanks!
I know about setting yourself up as a director of a limited company, but is there a website somewhere that I can get OFFICIAL information on things like what is a deductible work expense under UK tax laws? For example, if I have an ABN in Australia and buy a PC I can claim back the cost (though often delayed) if it is a genuine work expense. Are there such allowances in the UK.
Basically - tax information for sole traders/business costs in the UK.
Thanks!
May 7th 2008, 12:49 pm
#2
itchy feet again!
Joined: Sep 2007
Location: Ex-Canada: now rural West Sussex.
Posts: 1,013
Re: Tax deduction in the UK??
Sorry I have been badgering you all with questions lately - hopefully this is the last for awhile.
I know about setting yourself up as a director of a limited company, but is there a website somewhere that I can get OFFICIAL information on things like what is a deductible work expense under UK tax laws? For example, if I have an ABN in Australia and buy a PC I can claim back the cost (though often delayed) if it is a genuine work expense. Are there such allowances in the UK.
Basically - tax information for sole traders/business costs in the UK.
Thanks!
I know about setting yourself up as a director of a limited company, but is there a website somewhere that I can get OFFICIAL information on things like what is a deductible work expense under UK tax laws? For example, if I have an ABN in Australia and buy a PC I can claim back the cost (though often delayed) if it is a genuine work expense. Are there such allowances in the UK.
Basically - tax information for sole traders/business costs in the UK.
Thanks!
http://www.hmrc.gov.uk/guidance/480.pdf
This is a downloadable leaflet.........quite easy to find if you Google Inland Revenue UK. You may eventually need an accountant to help with tax forms etc, but this should give you a start.
