help needed for keeping records

[flatyre]

Thanks folks, looks like i'm in for a long weekend sorting out my paperwork:thumbdown:

[flatyre]

Well I've created 24 folders (money in and money out) and matching spreadsheets on the laptop, one for each month of the tax year, April 2016 to April 2017. Went through all receipts, invoices etc and filed them away accordingly. Unfortunately I'm missing a lot of fuel receipts, and also I just buy my lunch food when we do the weekly shopping for the house. Do I need to go through every receipt we have from Tesco etc. and mark off my lunch food? My van uses roughly £10 a day so can I not just mark down £50 or £60 a week for fuel and £30 for lunch food? Finally I have a zero hour casual contract with a government run estate, I am on PAYE and get taxed accordingly, do I need to incorporate this?

[easy-lift guy]

Did you run your game plan over with your accountant?. I bet he could answer the rest of your questions as well.

easy-lift guy

[Richard 1234]

Why are you claiming for lunch expenses?

[Haironyourchest]

The rule receipts will only be necessary if you are ever audited - most probably there will be a certain percentage of income that can reasonably be expected to cover fuel costs, your accountant will know what this figure is for your profession and travel requirements, if it comes down to it you can argue the distance travelled from work to home, times the number of journeys, factor in mpg for your vehicle etc. Even if you didn't have all the receipts, would most likely not be an issue.

[flatyre]

Why are you claiming for lunch expenses?

 

I thought you claimed for anything work related? I know a guy who takes his missus off to a hotel/spa one weekend every month and puts it down as work related stress relief!

[Woodworks]

Went through all receipts, invoices etc and filed them away accordingly. Unfortunately I'm missing a lot of fuel receipts,

 

Yes I was bad about that but got a fuel card so now get a full print out once a month for fuel expenditure.

[Richard 1234]

I thought you claimed for anything work related? I know a guy who takes his missus off to a hotel/spa one weekend every month and puts it down as work related stress relief!

 

 

I don't think that would fly with the tax man. You can't wine and dine potential clients and claim it as expenses so I don't think that's allowed either.

[Steve Bullman]

I thought you claimed for anything work related? I know a guy who takes his missus off to a hotel/spa one weekend every month and puts it down as work related stress relief!

 

I don't think that would fly with the tax man. You can't wine and dine potential clients and claim it as expenses so I don't think that's allowed either.

 

No, but if you were clever you could tie that overnight stay in with some sort of business convention as an example

[Steve Bullman]

as for the guy putting it down as work related stress relief, absolutely bollocks, sorry