Would your friend not be better employing an accountant from your questions you don't understand what you are doing. Do you have the necessary insurance if you mess up their tax return and HMRC come calling. It won't look good if a barrister is subject to a enquiry if you get it wrong.
I am actually helping reconcile the bank statements and list all expenses before we hand this over to an accountant to file the return, you don't need to be chartered to be able to do this!! (to save costs on their behalf) and for the accountant to add the final adjustments (if they are any). No need for the tone and judgement I thought this was a forum where you could receive help if needed?
Hey OP - I read your post and also assumed you were helping your friend complete their actual tax return. Your initial question is vague enough that it's fair someone would read it and make that assumption. I've also read Lesley's post and can't sense any tone or judgement, just the usual advice that people who seem out of their depth receive on here. Does your "friend" place more value on receiving a cheaper service than they do on receiving correct tax advice? Because the accountant they already have engaged could easily tell them what's allowable and what's not.
Sorry if you are offended by my response it might be harsh but it is fair. You posted as Anon and therefore we had no way of knowing that to you are an accountant working in the NHS. The questions you are asking about mileage and leased vehicles need to be addressed by the accountant to work out the most tax efficient way of dealing with it.
Quote: I thought this was a forum where you could receive help if needed?
You can give it, too.
that's why i thought you were from Northern Ireland. Repatriate the 6 Counties to Ulster
They're already in Ulster.
Have you not heard of the "Free the Three" campaign, campaigning to bring back Donegal, Cavan and Monaghan ?
I meant Ulsters rightful place in Eire.
They should follow sport's example and just ignore the border.
Some sports but defo not all a typically irish solution i am happy to say. Association football
Well, soccer's a jolly interesting story, actually. The formation of the FAI predates partition on account of the Leinster Association having fallen out with the IFA. It wasn't a politics thing - they were actually rival Irish associations, both staking a claim to all 32 counties. And, indeed, there are several examples of players crossing the border to play for the next 25 years or so.
I recommend to you "Green is the Colour" - book and dvd. Probably on YouTube, though I've not looked. Ask Santa to bring it.
thanks for the steer Lion will look it up will call santa (aka Jeff)
It does explain why soccer is, as far as I can think, unique in Irish sport.
Another anonymous freeloader.
Does your barrister "friend" work for nothing? Thought not. Just accountants, then?
there you go again............
What information does he get from his clerk of chambers re his share of chambers costs/clerking fees etc would be my initial question?
This thread may prove helpful.
Hello. thanks very much for your response. I've had a read over that which is helpful. The chamber / clerk fees are deducted at source before they are paid which obviously can't be accounted for as an expense, i have all of the expenses from bank statements etc just the usual standardised items, i thought it would be helpful to do all of this before handing over to a practise accountant before finalising.
Be careful here.
Depending on the relationship it is possible that you need to show the gross income then the chamber & clerk fees as expenses. You will need to ensure that each of these is tax allowable. You can't just start with the net amount received. Make sure VAT is properly considered too.
Have you discussed this with the accountant? they often have templates or questionnaires that will help, especially if they are experienced in this particular sector. Either way it will be more efficient than us guessing, and will guarantee that they get what they need in the right format...