Hi,
As a sole trader with low income from self-employment, in my last tax return 2012/13 I estimated my business expenses at £4 a week, which I was advised ought to be acceptable to HMRC without supporting evidence. (Source: BIM47825 but I was told the allowable figure had risen to £4 just not updated in the BIM).
Can anybody in the know tell me, has this increased for the tax year 2013/14 or is it still £4? I can't get through to the tax helplines tonight!
Thanks.... :)
As a sole trader with low income from self-employment, in my last tax return 2012/13 I estimated my business expenses at £4 a week, which I was advised ought to be acceptable to HMRC without supporting evidence. (Source: BIM47825 but I was told the allowable figure had risen to £4 just not updated in the BIM).
Can anybody in the know tell me, has this increased for the tax year 2013/14 or is it still £4? I can't get through to the tax helplines tonight!
Thanks.... :)