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Newbie Questions

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    #11
    Originally posted by Lance View Post
    no way can you take £1,000 a month in expenses like that.
    If it was possible we'd all do it.
    You can have £26 a month (home working), plus £5 a night for when you stay away. The rest needs to be receipted and meet certain criteria.
    Read the first timers guide over here ------------------------------------------------------------->
    It's possible the advice was misunderstood. It's also possible that a dispensation was applied for but £1,000 does seem very high even if one was in place. Why not £2,000 or £3,000? It's hard to believe an accountant would give this advice out but I guess never say never. Anyway, just throwing it out there.

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      #12
      Originally posted by Craig@Clarity View Post
      It's possible the advice was misunderstood. It's also possible that a dispensation was applied for but £1,000 does seem very high even if one was in place. Why not £2,000 or £3,000? It's hard to believe an accountant would give this advice out but I guess never say never. Anyway, just throwing it out there.
      I had thought that dispensations haven't been accepted by HMRC for a decade? I used to work with a guy who had one, and I looked into it (I was going for £120 a night, 3 nights a week) but all I found was that HMRC view was "not any more you can't, keep your receipts"
      See You Next Tuesday

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        #13
        Originally posted by Lance View Post
        I had thought that dispensations haven't been accepted by HMRC for a decade? I used to work with a guy who had one, and I looked into it (I was going for £120 a night, 3 nights a week) but all I found was that HMRC view was "not any more you can't, keep your receipts"
        Feels like a decade. More like 4/5 years but you're right. Dispensations are no more. They were replaced by exemptions which is similar. Still no idea what was advised to the OP though

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