Can I claim for the day I spend filling out my tax return?

[HappyHippyDad]

As the title says really :smile5:

If I spend a day completing my tax return can I claim back whatever my day rate is as this is a day that i would be unable to work and is also solely related to the business?

Cheers all..

 

[Deleted member 26818]

No.​......

 

[telectrix]

don't be silly. all you can claim for is meterials used in completing the return. if you were paying someone to do it, then you can claim what you pay them. if your missus is not employed you can pay her a wage below the tax & NI threshhold.

 

[GMES]

Yes if you stop being a tight arse and get am accountant to do it.

Also you must have way to much time on your hands if you can spend a day doing things like tax returns!!

 

[newtothis]

Get an accountant to sort it, then claim their fees.

 

[Deleted member 26818]

If you keep on top of your records, it should not take a whole day to fill out the form anyway.

 

[telectrix]

As the title says really :smile5:

If I spend a day completing my tax return can I claim back whatever my day rate is as this is a day that i would be unable to work and is also solely related to the business?

Cheers all..

stupid boy, pike.

 

[Octopus]

You should be out working - evenings and weekends are for that sort of stuff!

Or as others have said pay an accountant to do it and claim their fees!

 

[HappyHippyDad]

I shall take that as a 'no' :smile5:

I guess it was a bit silly, bit like saying "can I claim for time on the forum as it is progressing me as an electrician".... you'd make a fortune GMES! And tel would be a miwl-yun-air!

 

[GMES]

I shall take that as a 'no' :smile5:

I guess it was a bit silly, bit like saying "can I claim for time on the forum as it is progressing me as an electrician".... you'd make a fortune GMES! And tel would be a miwl-yun-air!

I'm Rich enough thanks Steve, which allows me to spend time on here.:sifone:

 

[Adam W]

Once I've managed to find the time and the inclination, my tax return only takes me about an hour. That's without any fancy computer programs or Excel spreadsheets, that's the back of an envelope, a folder which throughout the year I've stuffed all my receipts and tax documents in, and the calculator which got me through my GCSE maths.

 

[Adam W]

I used to think it was that easy to. Until I got investigated.

What was the result, if you don't mind me asking? Were your figures off by much?

 

[TJ Anderson]

I used to think it was that easy to. Until I got investigated.

Agree with you there. I have always used an accountant and have not been investigated. Two of my mates have been and both were doing self assessment. It's better for you to be out earning, doing what you do and let the accountant do what they do.

 

[Leesparkykent]

At least if you have a chartered accountant if the proverbial should ever hit the fan then at least you can chuck the ball back in your accountants court!

 

[Guest77]

I shall take that as a 'no' :smile5:

I guess it was a bit silly, bit like saying "can I claim for time on the forum as it is progressing me as an electrician".... you'd make a fortune GMES! And tel would be a miwl-yun-air!

Biggest understatement of 2015 to date.

 

[ian.settle1]

At least if you have a chartered accountant if the proverbial should ever hit the fan then at least you can chuck the ball back in your accountants court!

Are you sure if the HMRC want a pound of flesh they will still come after you

 

[Leesparkykent]

Are you sure if the HMRC want a pound of flesh they will still come after you

Oh for sure but at least it gives you a fighting chance lol

 

[Anthony S]

At the end of the day your Accountant don't sign for you, your take full responsibility for the information you supply him/her.

 

[Leesparkykent]

At the end of the day your Accountant don't sign for you, your take full responsibility for the information you supply him/her.

Yea but he does the maths, and should know what can and can't be claimed for etc

 

[Anthony S]

Yea but he does the maths, and should know what can and can't be claimed for etc

All that information is freely available you just have to find it lol

 

[Deleted member 26818]

A friend of mine used to run a business fixing and customising Harley Davidsons.
He used a very local Accountant two doors away from his shop.
That accountant made numerous claims for Tax rebates for all his customers, then buggered off back to Pakistan with the money.
My friend then suffered with 6 years of investigations.

 

[Leesparkykent]

All that information is freely available you just have to find it lol

Thats long lol

 

[Deleted member 26818]

Yes the HMRC web site is not very user friendly.

 

[tazz]

As the title says really :smile5:

If I spend a day completing my tax return can I claim back whatever my day rate is as this is a day that i would be unable to work and is also solely related to the business?

Cheers all..

You have more chance of the Queen claiming for her Annual acid house garden party...!!

 

[Leesparkykent]

You have more chance of the Queen claiming for her Annual acid house garden party...!!

We would be paying for it any way ;-)

 

[Adam W]

You could say that to a DIY'er trying to re-wire their house. Lol!

It's hardly the same thing. A simple tax return is 3 figures, one of which is one subtracted from the other. The argument for using an accountant always seems to be that they know what you can claim for, well a list half the size of a schedule of inspections can tell you that.

Fair enough if your accounts are really complicated, or if your missus is an accountant, but if I can do what someone can do after a free online course to save myself a couple of hundred quid with few additional risks, I think I'll pocket the couple of hundred quid and take my chances.