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Where Taxpayers and Advisers Meet

Self Assessment Reporting Query

stableboy
Posts:8
Joined:Wed Sep 30, 2015 10:10 pm
Self Assessment Reporting Query

Postby stableboy » Wed Feb 09, 2022 11:24 am

Good morning. I am newly self employed and I often work for a client in Europe. I itemise the cost of airfares, Covid tests, car parking and such like on the invoice to the client along with the agreed charge for my time. The client pays the invoice in full thereby reimbursing my out-of-pocket expenses. My question is :- when I come to complete a self assessment return can I ignore the reimbursed expenses and simply report the taxable income element only?

darthblingbling
Posts:698
Joined:Wed Aug 02, 2017 9:09 pm

Re: Self Assessment Reporting Query

Postby darthblingbling » Wed Feb 09, 2022 12:38 pm

More prudent (and probably correct) to claim the income gross and then claim the expenses as a deduction of allowable.


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