From: Peter Saxton
Newsgroups: uk.finance
Subject: Re: Self employment and tax return
Date: Sun, 14 Jan 2007 20:57:45 +0000
On 14 Jan 2007 12:21:17 -0800, "Aosmosis" wrote:
>
>Ronald Raygun wrote:
>> Aosmosis wrote:
>>
>> > During the Summer of 2006 I had a 2 week stint of being self employed.
>> > I had just passed my professional exams, and in the process of looking
>> > for a training post I registered with some agencies for work.
>> >
>> > I managed to earn about £800, however I had costs such as
>> > professionaly body registration, indemnity, transport etc etc.
>>
>> Are registration and indemnity needed for your "proper job", the
>> training post which you presumably have now secured? If so, it might
>> be simpler to set them against income from that.
>>
>> Transport? Be sure you're really entitled to this. Any travel costs
>> which are essentially in the nature of commuting are not an allowable
>> expense. Travel between home and clients might be OK if you can establish
>> that you are "working" from an "office" which happens to be your home,
>> i.e. that your commute from home to office is a zero distance, and that
>> you visit your clients from the office rather than the home. :-)
>>
>> > I informed my local tax office and told them that I was no longer self
>> > employed.
>>
>> For a two week period it hardly seems worth becoming formally self employed.
>> It would have been perfectly OK just to put those earnings (after expenses)
>> on the next tax return under the "miscellaneous earnings" category.
>>
>> > I have just realised that I am supposed to send something in to the tax
>> > office by jan 31st or I will get £100 fine.
>>
>> No you aren't and you won't. This month's deadline relates to tax
>> returns and tax payments in respect of the 2005-6 tax year. Anything
>> you earned in sumemr 2006 is part of the 2006-7 tax year.
>>
>> > I have received nothing fromt he tax office or a tax return.
>> >
>> > What should I do?
>>
>> Sit tight. You will probably be sent a return in April.
>> If nothing comes by June, ask for one.
>
>Yes Indemnity , and professional body registration are essential for
>both jobs.
>I registered with an agency on a self employed basis, and I had to show
>proof, which is why I rang the tax office who got me registered.
>The client payed me directly. The travel involved going to clients
>premises arround London, and involved buying a travelcard for that day,
>about £10.40 as I was travelling peak time.
What proof did you show?
You retained the travel cards?
--
Peter Saxton from London
peter@petersaxton.co.uk
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