off setting repair bills against tax
off setting repair bills against tax
Author
Discussion

wizzbilly

Original Poster:

955 posts

224 months

Saturday 9th May 2009
quotequote all
quick question to those who no this area .

i have recently carried out some work for a self employed contractor ( vat registerd ) on there work veicle as a favour to them .

it inatily started as cheap repair but as per uswell it ended up costing more .

all the parts i have purchased i have got in the owners name due to it been his company .

if i give all these recipts to him can he offset this against the tax even though am not a registerd company etc as there all in his name just doing it as a favour realy , am presuming garage bills for work veicles can be offset just wondering if parts can be .

sorry if a bit of a stupied question i no very little about what can and cant be done .

many thanks

Edited by wizzbilly on Saturday 9th May 00:10

Eric Mc

125,919 posts

296 months

Saturday 9th May 2009
quotequote all
Do you run your own business?

Was this activity part of this business?

Did you charge your "customer" for doing the work for him?

wizzbilly

Original Poster:

955 posts

224 months

Sunday 10th May 2009
quotequote all
no am not a buissnus just did it as a favour .

no labour charge


Eric Mc

125,919 posts

296 months

Sunday 10th May 2009
quotequote all
Does he run a busines?

Did he pay you for the parts you bought to do the work for him?