E
elsparko
can i as an employee still fill out a self assessment and claim capital allowances on tools ive bought? spent about 1600 this year on various tools
Discuss can i re-claim the cost of some of my essential power tools? in the UK Electrical Forum area at ElectriciansForums.net
do i get the full amount back or just a percentage? bloody hmrc have been taxing me and i havent even hit the tax bracket yetYes.
Though you wouldn’t claim them as capitol allowances now, unless they cost more than £50,000
that seems pretty poor return, or do i claim the full cost over several years? this is why i havent bothered before.You get back 20% (or whatever tax rate you are on) of the cost.
why not? they expect me to give them 20% of my earningsyou only get the tax relief. you can't seriously expect hmrc to pay for your tools.
duck ponds, "erotic" material for MPs, 2nd houses etc.and look a the wonderful use your tax is put to..
MPs, House of Lords, Judges, Civil Servants, along with a bit being spent on useful things, like armed forces,police,NHS.
it'sdifferent for politicians.they claim all that back as "expenses". and don'tforget the £400/roll wallpaper.duck ponds, "erotic" material for MPs, 2nd houses etc.
i guess ill just have to take my 20% back and be happy, bloody legalized extortion!
Reply to can i re-claim the cost of some of my essential power tools? in the UK Electrical Forum area at ElectriciansForums.net
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