on washing your clothes!can you claim back VAT on the tools you buy for work?if you can it you can claim up too 6 years my god i am going to get a big cheque

 

this might be a good one for me 40k in the past 3

 

We claim for tools, but then again, the company owns the tools and not the mechanics, unlike alot of dealerships do around here.

 

where you get the form from?

 

these are my own tools as the dealer does not supply any apart from special tools etc

 

i was told about this from our snapon man.i think form is called the p87.if ya do a google for it,you fill it in and send it reciepts of stuff you bought n hey presto

 

i have been told you can only claim vat back on tools for a year. obviously need receipts too.

might be wrong.


Mart.

 

hmm!i hope it not only for a year!

 

wel the p87 form is only for a year

 

Over Ł250 a week on tools!

 

you can claim for tools over the past 6 years in the middle of doing it now

 

---------------------- lets get this right------------
speak to your accountant(he should be claiming all your allowances as a matter of course)>>>>>>>>> dont listen to half this crap on here you'll just make yourself look a twat at the tax office!----(and attract unneccesary attention! To your inadequate bookkeeping experience)
if your on the books ---------forget it!!!!!!!!-fixed allowances!!
--------claims relate to self employed/companys !!!
If your not claiming already sack the accountant ----your paying him!!!!
God help you when you have vat to deal with also
im assuming im talking to the younger element of our society am i???
Thought so-----

 

eh???surely i can claim the vat back tho as i have had to buy them to do my job!what difference does it make if i am self employed or work in a dealer?i dont get any allowances for tools etc?!

 

you can claim back tax for all tools, workwear and any materials youve bought wether your self employed or paye.

 

.. as long as you're VAT registered.

 

someone in our main dealer has done this, only inland revenue has paid the money to the company, not the individual. it's now being chased up, but in the meantime IR have lost all his original tools invoices.

 

You can only claim VAT back if your VAT registered.

 

thank the lord for trade club lol!

 

Whats that?


Mart.

 

Thats true & if you are VAT registered you will be charging VAT on you total turnover applies above circa 65k turnover so for self employed only.
Think their is confusion here, tools can be claimed usually as a fixed sum as an allowance against your tax code you will have to prove its above the fixed rate if you want more, chances of getting much somewhere around zero & bugger all.
For the self employed your accountant will be claiming this already if your paye you will almost certainly only get the fixed allowance.
Im afraid even a Labour goverment wont pay for its workers to lose his tools every week even if Mr Brown is a nice chap..

 

basicly you registor as a trader or company with vx and u get massive discounts on certain parts

 

Yep thats right. When i was a self employed brickie i got 'tax allowance' on the old SC60 system for tools, clothes etc....well anything to get a penny back lol. Think folk are mixing this up with getting VAT back !