UK - Self-assessment - Where to put the work you outsourced?
Thread poster: TRADL
TRADL France Local time: 02:18 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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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.
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TRADL France Local time: 02:18 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 Germany Local time: 02:18 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: 02:18 English to French + ...
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Thanks to both of you
Dec 8, 2004
Thanks! That's all I needed to know.
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