Tax and volunteering

T

Tom189

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Hi. I'm a PAYE worker. I do some extra work for myself and declare the income for tax. The annual extra income is normally about 1k. I also do some work for a local sports team which compete at national level. In order to do the work I had to pay for a license to use a particular software package, which I use only for this work. The club ended up giving me a free season ticket for the work I was doing. I will consult an accountant when I can but am looking to see if anybody might have opinions on how to account doe this work. Thanks.
 
Would you stop, don't waste time or money consulting an accountant on that.

You don't have to account for this in my opinion, I mean if they give you free cups of tea as well I don't think revenue are bothered!
 
Well the reason I'm asking is that the software licence costs me a lot more than the price of a season ticket!
 
If the sports team need you to have this licence then they should be paying for it, it's a club expense surely and shouldn't be incurred by you unless of course you just want to be generous and consider it your contribution to the club.

I presume what you mean is you want to somehow write off the cost of the licence against your own tax and recoup the extra spend over the value of the season ticket.
 
Its a hobby. You didn't incur that software licence expense hoping to profit or generate income. You have to 'take the hit'. (You might have a different argument to try, if you were able to show somehow that this extra work assists the other fee-generating work - do you use that particular licence for your other work?)
 
Thanks for the replies. I used to use free software for the other work but am now using the licensed software when I can as it's the industry standard so I suppose I can write off some of the expense against the other income earned as not all the extra income would require the software.
Thanks again for all the replies.
 
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