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Dave Willis

Water costs and tax
« on: November 14, 2010, 07:28:35 am »
What percentage of your total water bill are you putting on your tax returns?

I currently pay £115 a month for my water rates.

Andy L.W.C.S.

  • Posts: 18
Re: Water costs and tax
« Reply #1 on: November 14, 2010, 08:33:08 am »
iv only just gone onto a meter and the guy fittin main meter outside Hse told me 2 get another meter just b4 system, so take 1 from other n u got ya reading 4 Hse and work.
How many litres of water do u use in a week, i use apr 5,400 pure but it takes almost double that to get 5,400.
iv been told that Hse will come under domestic and other will be commercial rate, not sure if this is good or bad thing yet ?
someone told water company that i was running window cleaning from me Hse thats why they fitting meter and it had to be commercial rate and i had to supply and fit another meter inline or all would be charged com rate
i luv my work, every day is a new dollar. Lol

C.C.S.

  • Posts: 954
Re: Water costs and tax
« Reply #2 on: November 14, 2010, 09:05:20 am »
what about if you,re not on meter .i pay about £550 a year.how much could i put it against tax?50-60%?

Lee GLS

  • Posts: 3844
Re: Water costs and tax
« Reply #3 on: November 14, 2010, 09:21:08 am »
what about if you,re not on meter .i pay about £550 a year.how much could i put it against tax?50-60%?

I don't think you can then, you have no way of proving how much water your house uses in total and no way of knowing how much you use for work unless you get an inline meter, even if you did have a meter for you work wTet hoylu wouldn't be able to spit a price on it because it's you are on fixed rates. The bottom lone is that you would have to pay that £550 a year regardless of wether you were a window cleaner of not.

Re: Water costs and tax
« Reply #4 on: November 14, 2010, 09:29:38 am »
I must make the point that i am not an accountant.


I'm on a meter, and this just a wild guess but my bills may be higher because of my job.


The tax man asks that books be easy to follow, consistent, and he also uses the word 'reasonable'.


What each person or individual does may differ.I keep my water bills, apportion the water part only, times it by 50% and that is the amount i enter as a consumable expense.

chris@c.m.s

  • Posts: 1556
Re: Water costs and tax
« Reply #5 on: November 14, 2010, 09:35:03 am »
My bills on a meter are about the same as yours and my accountant put £620 against my tax, so about 50%.
Sussex by the sea

simon w

  • Posts: 1659
Re: Water costs and tax
« Reply #6 on: November 14, 2010, 11:12:38 am »
What percentage of your total water bill are you putting on your tax returns?

I currently pay £115 a month for my water rates.

Submit your total spent on water usage then let your accountant worry about how much you can claim for as tax relief.

And dont forget to claim a discount from your water supplier for the percentage of water that doesn't go directly to the sewer, " non return to sewer" as this is where most of the cost comes from.

Dave Willis

Re: Water costs and tax
« Reply #7 on: November 14, 2010, 11:22:32 am »
I think the max you can claim is something like £19 on the sewerage.  :(