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Nick_Thompson

  • Posts: 810
A calculation for electricity usage
« on: February 07, 2015, 10:23:37 am »
After calculating how much electricity is being used to run your business, how do you go about claiming for that when it comes to tax?

Nick
Do quantum mechanics fix old transits?

And let us not forget, voyeurism is an occupational hazard that we simply must endure.

Ian Lancaster

  • Posts: 2811
Re: A calculation for electricity usage
« Reply #1 on: February 07, 2015, 01:16:56 pm »
I leave everything like that to my accountant.  The time and sweat it would cost me chasing every last little drip of allowable expense would far outweigh the accountancy charges.

I rate my leisure time at £500 per hour - if I had to pay for it, that is. ;)

Matt.

  • Posts: 1832
Re: A calculation for electricity usage
« Reply #2 on: February 07, 2015, 01:42:44 pm »
Nick, when ur electricity bill comes an you pay it, you give it to your accountant as part of your returns mate. 100%

DaveG

  • Posts: 6347
Re: A calculation for electricity usage
« Reply #3 on: February 07, 2015, 02:05:06 pm »
My accountant allows me £500 a year for electric for pump and heaters on the RO/van
You can't polish a turd

Matt.

  • Posts: 1832
Re: A calculation for electricity usage
« Reply #4 on: February 07, 2015, 03:02:57 pm »
Dave, what about when u need to use ur laptop to do ur invoices, and do u do this in the dark, u are also ok to use the kettle to make a brew, there's loads mate.
What there is for sure is a bracket based on ur turn over so as long as you don't take the preverbal it's ok.
Just put ur full bill in, I have never been queried and am not braking no laws