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UK - Self-assessment - Where to put the work you outsourced?
Thread poster: TRADL

TRADL
France
Local time: 17:38
English to French
+ ...
Dec 8, 2004

Hi all,

I've given a few jobs to colleagues this year due to being too busy etc. and was wondering where to put the amounts in my tax return in April as I've never had to do that before. Thanks for your help!

TRADL


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Cecilia Coopman, M.A. in Translation  Identity Verified
United Kingdom
Local time: 16:38
English to Spanish
+ ...
sole trader or limited company? Dec 8, 2004

TRADL wrote:

Hi all,

I've given a few jobs to colleagues this year due to being too busy etc. and was wondering where to put the amounts in my tax return in April as I've never had to do that before. Thanks for your help!

TRADL



Hello TRADL,

Are you a self-employed or a limited company? I am a self-employed (sole trader), and my accountant considers the outsorcing job as normal expenses. He hasn't put the amounts in the tax return itself as there is no field for this. However, in my balance sheet (this is just an internal document) he has an outsourcing entry.

If you are limited company, we better wait for other colleagues' advice as I don't have information about it.

Hope this helps.

Cecilia Coopman
English/Spanish Translator
www.CentosTranslations.com


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TRADL
France
Local time: 17:38
English to French
+ ...
TOPIC STARTER
Sole trader Dec 8, 2004

To reply to Cecilia's question. I'm a sole trader and I don't have a balance sheet. Which category does it go in though as the "normal expenses" you mention? Thanks!

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Deborah Shannon  Identity Verified
Germany
Local time: 17:38
Member (2002)
German to English
Cost of sales, I think Dec 8, 2004

TRADL wrote:

To reply to Cecilia's question. I'm a sole trader and I don't have a balance sheet. Which category does it go in though as the "normal expenses" you mention? Thanks!


Hi,

I have always put this under 'Cost of sales' on the basis that it is a direct cost attaching to the delivery of a particular job, rather than a general overhead expense.


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TRADL
France
Local time: 17:38
English to French
+ ...
TOPIC STARTER
Thanks to both of you Dec 8, 2004

Thanks! That's all I needed to know.

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