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Post Info TOPIC: trips to the bank to bank business cheques allowable expense?
lor


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trips to the bank to bank business cheques allowable expense?
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Hi All, my qu is as the title reads really, just wanted to double check as I believe it would be allowable on the tax return.......look to your answers as always!

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maidofkent


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Yes, I would say so. 

Christine

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kjmcculloch


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I would agree with Christine.

Kris

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BackOfficeGroup


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as a self employed person, all the motoring/travel expenses would be entered and a % disallowed for personal use on the SA, regardless of what they were actually for.

P

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lor


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Thank you for your replies!

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maidofkent


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BackOfficeGroup wrote:

as a self employed person, all the motoring/travel expenses would be entered and a % disallowed for personal use on the SA, regardless of what they were actually for.

P


Unless, of course, the business mileage option was used, in which case only business miles would be counted, and no other business expenses would be accounted for.


 



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lor


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ok, that was what I thought, wanted to double check, as didn't want to put things through then later realise that they shouldn't have been put through.

This was for my business accounts, and I am trying to plan what tax is payable at the end of the tax yr, and reduce profit where I can legally do so, I wouldn't want a shock!

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