Need help with completing tax return

[pharmer7]

Need a bit of help filling out my online return as first time I've done this.
Lets say I am using these figures:

(A) Income from fees was £11,000
(B) Amount of petrol money paid by companies was £500 ( I separated it out, but it is paid together on all invoices as usual)
(C) But the total number of miles (before company deductions e.g 20miles for Boots) I did was 4000 miles.
(D) And all other expenses (like PDA,GPhc, parking,etc) was £500

Obviously, total income is just A + B
And for expenses:

If i did 4000 miles @ 40p = £1600
So Petrol expenses = £1600 - £500 = £1100
Then when you add on D its £1600

So total expenses is £1600 and so total profit is £9400
And then
tax due = 0.2 * 9400 = £1880

Just need some peace of mind to make sure I'm not making any stupid mistakes.

[Rafael]

Few more questions: if you bought a car last year, and you the locum usage of the car tands at 30%, can claim under capital allowances for 30% the price u paid for the car? 2nd question, can you claim any back for a loss you incured in the last financial year in the stock market, and under what section it goes? Will be filling mine soon

[zakkaz]

Need a bit of help filling out my online return as first time I've done this.
Lets say I am using these figures:

(A) Income from fees was £11,000
(B) Amount of petrol money paid by companies was £500 ( I separated it out, but it is paid together on all invoices as usual)
(C) But the total number of miles (before company deductions e.g 20miles for Boots) I did was 4000 miles.
(D) And all other expenses (like PDA,GPhc, parking,etc) was £500

Obviously, total income is just A + B
And for expenses:

If i did 4000 miles @ 40p = £1600
So Petrol expenses = £1600 - £500 = £1100
Then when you add on D its £1600

So total expenses is £1600 and so total profit is £9400
And then
tax due = 0.2 * 9400 = £1880

Just need some peace of mind to make sure I'm not making any stupid mistakes.

Claim £11500 as single fee.

You can't claim the 40p mile thing if you are travelling from home to pharmacy.

Therefore, you need to claim for wear and tear and costs associated with the business side of the car. This is complex, so get an accountant or allow HMRC (and jonep) to release their wrath

[pharmer7]

But if your business address is the same as your home address, could you not claim these are business - business journeys?

[zakkaz]

No chance. They are more than wise to that. Check locumvoice - everyone is saying it. Save a load of aggro and get an accountant and forget claiming actual mileage.

[pharmer7]

The online tax return for 2010-2011 is due pretty soon, so don't really have a lot of time to get that sorted. I'll probably just not claim anything for the car and take a hit for this time.

[zakkaz]

As the turnover is pretty small, I'd risk it and claim mileage this time (screw HRMC, they screw us, and you'll probably be lucky and escape this time), and then inform the accountant for next year what you did for this year.

[Rafael]

Any comments regarding my query?