Thx Zippidy
Do you happen to know what the VAT threshold is?
mamto2 Contractor & Self Assessed Taxation
Presumably I dont pay anymore in taxes than what I normally pay had the job looked after the taxation end of it?
Be very careful here as there may be tax implications if you come to sell your home....1. Home office costs
...
This should read "motoring costs". You will need to keep track of these and your business mileage (in your appointments diary?) Your tax advisor will pro-rata them based on your total annual mileage up to the maximum above for business mileage....
3. Wear & Tear on your car (to a max of €24K @ 12.5%) - obviously some of your car will be used for personal use so the % of your car costs relating to business is tax deductible....
See "motoring costs" above....
A couple of questions I'm not sure about - maybe someone else can advise?
1. Can you deduct VAT on petrol/diesel?
2. Tax and servicing on your car - does the wear & tear allowance cover these or are these deductible also? ...
This should read "motoring costs". You will need to keep track of these and your business mileage (in your appointments diary?) Your tax advisor will pro-rata them based on your total annual mileage up to the maximum above for business mileage.
Is there a restriction on claiming for mileage for getting to and from work itself?
Hi all,
Recently started contracting position and have been informed I need to look after my own tax affairs (was not informed of this when I took job).
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