RE: FN-FORUM: Tax Return - Again!

date posted 21st August 2003 17:16

Hi Paul



If you are self employed, then for motor expenses you can claim a =
percentage
of all expenditure, based upon your business use vs your personal use. =
The
most common way of calculating this is to compare your business miles to
your total miles as a ratio. Make sure that it's reasonable.

General admin expenses that are wholly and exclusively used for business =
can
be claimed in full. If you have a single phone line that you use for
business and home use, don't claim the rental, only the business calls. =
If
you have two lines, then claim the rental on one and not on the other.
Inland Revenue will expect you to be paying at least one personal phone
rental.

Hope that helps.

Regards
=20
Lindsay
Howardsgate LLP
e : [EMAIL REMOVED]
w : http://www.howardsgate.co.uk=20