Hi guys, and gals.
I know some of you on here are members of the LTD company brigade, and I was wondering what sort of expenses you can or do claim for, and if you had any information out there which you found useful, and would recommend.
Many thanks in advance.
Speak to an accountant …
the best person to tell you about this is your accountant indeed
Whatever you claim for has to be for the running and upkeep of the buisness.
However as others have already said speak to an accountant. It’s far too a serious issue to take advise from unqualified advise on this forum.
With a username of ‘Lightning’ I would get professional advice. [emoji23]
Honestly !
You really do need to take professional advice on this - Otherwise it will turn round and bite you on the bum big time…
Where people go wrong, imo is just claiming for expenses because they think they can. And then having no proof when hmrc call there bluff.
I only claim genuine expenses which i have receipts for and job sheets which proves where i was on said days.
But how do you guys start off with working for yourself? Is it all through an agency or do you advertise your own services? Have your own truck or use theirs?
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Simmons84:
But how do you guys start off with working for yourself? Is it all through an agency or do you advertise your own services? Have your own truck or use theirs?
Thats your problem to figure out. Why should they help the competition? Can’t do it through agency because its classed as disguised employment and HMRC are clamping down on disguised employment.
own truck is a different ball game totally.
I always read anything to do with Ltd company drivers with great interest. I saw an article in the trucks top news about hmrc clamping down on Ltd drivers as it seems many are setting up as Ltd and working at one place all the time.
There was a price on a driving page on Facebook and some of the clowns sticking up for it were coming out with so many stupid things they were claiming for and how they could get round the law.
I’d say if there is a clamp down there could be a lot of brown enveloped dropping through letter boxes with hefty tax demands.
As others have said seek specialist advice first.
Conor:
Simmons84:
But how do you guys start off with working for yourself? Is it all through an agency or do you advertise your own services? Have your own truck or use theirs?Thats your problem to figure out. Why should they help the competition? Can’t do it through agency because its classed as disguised employment and HMRC are clamping down on disguised employment.
To be a LTD you need a minimum turn over of £83k a year ?
It was just something I was curious about, not think about doing it anytime soon, I’m only a class 2 driver atm which has only been for 4 months!
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king roundtable:
Conor:
Simmons84:
But how do you guys start off with working for yourself? Is it all through an agency or do you advertise your own services? Have your own truck or use theirs?Thats your problem to figure out. Why should they help the competition? Can’t do it through agency because its classed as disguised employment and HMRC are clamping down on disguised employment.
To be a LTD you need a minimum turn over of £83k a year ?
Funniest reply post the year so far please tell on what you base that crazy assumption on. Just let me get rue the popcorn ready this going to be interesting shall we say
To be a LTD you need a minimum turn over of £83k a year
You posted in the wrong thread mate… repost in this one
viewtopic.php?f=2&t=137537
Rikki-UK:
To be a LTD you need a minimum turn over of £83k a year
You posted in the wrong thread mate… repost in this one
viewtopic.php?f=2&t=137537
king roundtable:
To be a LTD you need a minimum turn over of £83k a year ?
alix776:
Funniest reply post the year so far please tell on what you base that crazy assumption on.
Has he mixed this up with the mythical VAT threshold?
That’s what I thought just wanted his side but as Rikki has pointed out its in the wrong thread
king roundtable:
To be a LTD you need a minimum turn over of £83k a year ?
Jesus…I know some agency drivers on Ltd make some bollox claims about what they earn a week but even they don’t claim they’re earning that much a year.
That is the VAT threshold and also the threshold for completing a full self assessment instead of a short one.