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  1. #31
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by stoneyburn hibs View Post
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    Reading this thread it seems I'm paying a little too much for my accountant. 408 per year.
    That sounds like 340 plus VAT.

    Depending on how complicated your affairs are, it's probably not OTT. Sometimes, too, there's value in using someone that you feel comfortable with.


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  3. #32
    Quote Originally Posted by CropleyWasGod View Post
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    Even if the "inspiration" she's giving me has naff-all to do with cooking?
    I wonder if she gives her occupation as cook or sex worker when she fills out her SA form, the filthy slag.

  4. #33
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by lapsedhibee View Post
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    I wonder if she gives her occupation as cook or sex worker when she fills out her SA form, the filthy slag.
    In my experience, HMRC is full of narrow-minded, judgmental people who stigmatise and pigeon-hole people based on what they put on their Tax Return.

    For that reason, she would be best advised to omit her name entirely.





    (apologies to any HMRC staff looking in, who I'm sure are lovely people. The gag wouldn't work otherwise...)
    Last edited by CropleyWasGod; 30-11-2017 at 11:37 AM.

  5. #34
    @hibs.net private member Golden Fleece's Avatar
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    Quote Originally Posted by CropleyWasGod View Post
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    If you were an HMRC Inspector, at this stage I would offer to arm-wrestle you.

    I think there is a case. If I were a chef, I'd want to know how other chefs were "doing things". In that light, I don't see a problem. If I was doing it every week, and going to my favourite restaurant every time, then I wouldn't expect the cost to be allowable. But, every now and then, IMO it's acceptable. The important trick is to make a note of when these visits take place, and record "why".

    As a similar example, I have had many musician clients who (again without going over the top) claim the cost of gig tickets. Thus far, that has never been refused.
    Cheers for the info CWG. I dye and spin wool and sell at craft events. Does this mean I can claim back entrance to specialist wool events, and travel as well.

    New York here I come https://sheepandwool.com/
    #Persevered
    Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

  6. #35
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by Golden Fleece View Post
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    Cheers for the info CWG. I dye and spin wool and sell at craft events. Does this mean I can claim back entrance to specialist wool events, and travel as well.

    New York here I come https://sheepandwool.com/
    If you actually declare the income, you can.

    The reason I say that is that many people do what you do as a hobby, for the fun. In that light, they might make a consistent "loss". HMRC view that as "hobby farming", and won't allow those losses to be set off against other income. Conversely, they don't require the income to be declared.

    However, if what you do is a trade (and the definition of that is not set in stone), then those events may be allowable. A trip to New York? You might get away with some of the cost, but if there's a personal element (and I'm sure there would be), definitely not all.

  7. #36
    @hibs.net private member Golden Fleece's Avatar
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    Quote Originally Posted by CropleyWasGod View Post
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    If you actually declare the income, you can.

    The reason I say that is that many people do what you do as a hobby, for the fun. In that light, they might make a consistent "loss". HMRC view that as "hobby farming", and won't allow those losses to be set off against other income. Conversely, they don't require the income to be declared.

    However, if what you do is a trade (and the definition of that is not set in stone), then those events may be allowable. A trip to New York? You might get away with some of the cost, but if there's a personal element (and I'm sure there would be), definitely not all.
    I registered as a sole trader to keep it above board, but have been offsetting income against the equipment I need to buy, up to this year. Turnover this year is not huge, but is about 4x that of previous years so I will be liable for some tax. BOO!
    #Persevered
    Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

  8. #37
    Quote Originally Posted by CropleyWasGod View Post
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    That sounds like 340 plus VAT.

    Depending on how complicated your affairs are, it's probably not OTT. Sometimes, too, there's value in using someone that you feel comfortable with.
    Thanks, it is 340 + vat and I've been very satisfied with their performances over the last few years 😁

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