Unusual tax question!

[DNS1]

Hi chaps,

Currently working as a self-emplyed sub-contractor. I'm registered as such with HMRC and recently I've been working for a single company and using their equipment and vans. I invoice them at the end of the month with my hours and rate and they transfer the cash.

This month the company got letter with fine which has to be passed on to me. Apparently I was spotted turning left when I wasn't allowed to in a company van, so Westminster Council fined me £65... (not going to comment on how angry I am about this...)

Am I allowed to treat this as a legitimate business expense and deduct it from my income before tax, or do I have to pay the £65 out of my post-tax/NI take home pay?

 

[Octopus]

I doubt it a tax deductable expense.

That said didn't you recently buy a new tool for £65.00 - but you lost the receipt?

 

[Adam W]

I doubt it a tax deductable expense.

That said didn't you recently buy a new tool for £65.00 - but you lost the receipt?

I don't think they like it when you do that.

 

[guest119]

Still an expense incurred in the course of your business day so why not treat it normally?
You will have a receipt also.

 

[Darkwood]

Next we will be getting cons claiming for loss of earnings because they are stuck in prison ..... do the crime pay the fine!.... lesson learnt!

 

[plugsandsparks]

Certainly fines imposed by HMRC are not tax deductable but traffic offences, never tried it, let us know how you get on

 

[Richard Burns]

Sorry but fines are not tax deductible expenses.
View attachment expenses-allowances OK not OK.pdf

 

[chrish_1977]

Have to agree with Richard,my wife is an accountant and I'm always saying I want to claim for this and that, and she keeps saying no!

 

[DJ Ovengloves]

Removed as I was ten hours too late

Still an expense incurred in the course of your business day so why not treat it normally?
You will have a receipt also.

 

[ian.settle1]

I wouldn't as when they see it they start wondering what else you have tried to claim for and shouldn't have, it could end up with them going through your books with a fine tooth comb as well as the person who is employing you.

 

[Plonker 3]

Why not just ask your accountant? That's what you pay them for right?

 

[DNS1]

Cheers for the help chaps,

Next time I see the accountant I'll see what he says, but it's probably best if I just pay up.

 

[arfurfouksayke]

even if you could claim it against your tax bill, it would only be worth £13 [20% tax ] so you'd have to pay the other £52 yourself anyway. probably not worth claiming.