Hi,
Was watching robin hood!
To whoever asked i spent £5k no problem on tools. ALL of it is Snap on but believe it or not it’s all just tools, no tool box 8O It’s a mighty fine collection though :D
More important matters now.
I have the self assess 90% complete online. If i was to ditch it do i just leave it ? Would i have to notify HMRC that i am not completing it to avoid the £100 fine ?
This P87 form. Having done some looking into it it does seem a lot more hassle free, why the person at HMRC didn’t tell me about it is beyond me.
But i have noticed this on the website section about the P87:
“Claims up to £2,500
If your claim is £2,500 or less, HMRC normally gives you relief for your expenses through your tax code straight away. If you claim an estimated figure, they will review it at the end of the year. They will make any adjustments that are needed in your tax code for the next tax year.”
Yet on the P87 form it says:
“If relief is due you will receive a repayment of the tax paid on the net allowable expenses.”
So i either get it on my tax code or a cheque. Handy the HMRC website says two things…
To confirm, yes i am employed