I know this is old, but do you count ingredients as a business cost?many thank x
@Sweetthingsbyamy8 ай бұрын
Yes I do, it’s cost of goods for resale in my quickbooks
@amandamatthews77052 жыл бұрын
Did you allow that not everything taken from your wages was tax but also NI contributions would have been taken from your wage and any other contributions like for example pension. You don't get a rebate on your expenses ( are you confusing tax and VAT) you only get a rebate on any tax you paid over what you should pay. Expenses are taken from profit to get your taxable income but you don't get tax back for them.
@bakedbyyves Жыл бұрын
That's what I thought VAT yes but not tax. The relief is when the expenses are taken out of taxable profit indeed.
@komalsandhu9810 Жыл бұрын
What I ll do if I do not have surname
@thom8it2 жыл бұрын
I am my secondment on a temp work visa for last 4 years. Can I claim tax for the expenses I have done in UK for food and accommodation? This applicable until I become a UK employee?
@Sweetthingsbyamy2 жыл бұрын
I don't believe so unless you are self employed, you can claim if you are employed by a business.
@scottgale80862 жыл бұрын
Hi Amy, just wanted to say thank you for all the advice you're giving on starting up a small home kitchen based business. I'm in the early stages of doing the same sort of thing - fudge, rather than baked goods (I live in Cornwall so fudge works well here). I've registered with the council and am on the verge of doing the HMRC self assessment registration and registering as a sole trader on UK.Gov - all the stuff you've gone through is all still ahead of me but thanks to you and the tips and advice you give it is not nearly as daunting as it might have been, so thank you very much for all you have done, hope your business goes from strength to strength and you get exactly what you want out of it.
@Sweetthingsbyamy2 жыл бұрын
Thank you!!
@cfcs66 Жыл бұрын
Hi there . Just done my last 2 years tax returns together 21-22 and 22-23 1 owe a £100 fine for my 21-22 and it's been pending for 10 days now .. Is this normal? Thanks
@Sam-uy1ym Жыл бұрын
How is untaxable allowance calculated when filing self assessment online (I mean the £12570) do we deducted from the turn over or system do it automatically No one has explained this online so far in details Can any one elaborate???