I am self employed. I didn't have any business related expenses as listed in the HMRC website.
Is it mandatory to show any such expense in order to file tax return?
Replies (4)
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There are expenses you could claim that you probably do not realise.
I bet any accountancy fee would at least equate to the tax saved and therefore effectively your life is made a lot easier without any real cost!
Not true you will have some allowable expenses
What about:
1. Use of home?
2. Telephone?
3. Printing and stationery?
4. Motor and travel expenses?
Probably others depending on what you do!
Is it self employment?
I find it hard to conceive of an activity of self employment, either trade or profession, that has no attributable costs.
IMHO this might indicate/suggest that there is no trade/profession , just an employment. (Absence of one of the badges of trade, for a start)
What about bank charges, to add to the list above?