Re: FN-FORUM: income tax (uk)

date posted 8th January 2008 13:38

> Try and claim as much as you can as the IR try and get as much as they
> can from you.

My version is "try and claim for justifiable business expenses, as the IR
try to collect the correct tax from you (not too little, not too much)".
There are a few oddities, for example you can claim for a percentage of
heating and lighting but not for water, but on the whole it's fairly
simple. Motoring costs are a whole lot of complication, and claiming for
capital purchases (e.g. computers) is also a little complicated.

If you can find a free "self-assessment for the self-employed" half-day
course at your local tax office, I can strongly recommend it.

Cheers!

Anthony
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