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Going self employed advice UK?

I have gone self employed for railway who are going to take tax out of wages I think 20% I have applied online for self assessment for national insurance payment. I'm going to keep all receipts and friend is doing the books what can I claim tax back on can it be electric for office space, materials, clothes, food, diesel? Any advice would be great. Going to get accountant but just some advice would be great!

Update:

The company automatically take 20% out of pay to pay income tax not rocket science don't bother answering with useless answer critizing questions that are too complicated for you!!

4 Answers

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  • 9 years ago
    Favorite Answer

    Tell the Inland Revenue (HMRC) and they will set you right. You do not need an accountant.

    Keep tight hold of those payslips and those 20%tax confirmations that you get.

    Protective clothing you can offset tax against,

    same for a T-shirt with your name on (advertising)

    no meals apart from if you are required to work extra late away from home (so forced to eat out at extra cost in evening).

    Travel : some yes, some no. if you travel to a set base daily then NO.

    Modest amount of paper,ink for PC

    Internet connection

    Mobile phone contract for business use.

    depending on the nature of your work, then office heating/lighting expenses maybe

  • ?
    Lv 7
    9 years ago

    "I have gone self employed for railway who are going to take tax out of wages "

    That makes no sense whatsoever.

    If you are self employed then YOU are responsible for your taxes etc.

    HMRC and your accountant will advise you on everything you need to do and can claim.

  • ensey
    Lv 4
    4 years ago

    BR tax code ability that tax is deducted on all earnings on the trouble-free fee, presently 20%. CIS tax is an identical fee and applies to specific people working interior the form industry. In the two case you're allowed to earn around £5000 in the past paying tax, so in case you have been on BR tax code for the final 5 years and this interest is your basically or considerable employment, and you do not have the different unearned earnings you are able to desire to touch your community tax place of work urgently in view which you're due a tax rebate. you are able to basically declare for a constrained era (i think of that's 3 years) you additionally must tell your organisation that if he/she is giving you a payslip each and every pay era with tax and NI deductions on it, your tax code could get replaced to the properly-known single individual's allowance after April 5th, as this is properly-known coverage for all and sundry in continuing employment on the commencing up of a sparkling tax year. in spite of the placement, you extremely could be takling approximately your particular circumstances because of the fact all and sundry is distinct. wish this enables.

  • Ed Fox
    Lv 7
    9 years ago

    Sorry but if your company is deducting taxes you are not self employed. If you are convinced you are self employed but the company is still taking taxes, report it to HMRC

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