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andrea10163 · Posted: Mon May 01, 2006 8:17 pm Post subject: 1st Year in business Tax Return

Hi. I'm in first year of running a boarding cattery and small animal hotel. I need to know if my set up costs ie...building and furnishing all the cat enclosures, decoration, renovation of building etc can be claimed back in tax and how do I know if I can claim back 25% or 40%. I am not VAT registered and not earning enough to pay VAT. I am a sole trader and have no employees. Am I expecting too much in thinking that I can sort my tax out myself. Also what column do I record my own national insurance contributions in. Am I the employee in this case or not. I really do not have a clue what I am doing...lol Crying or Very sad

thescruff · Moderator Joined: 03 May 2003 Posts: 4418 Location: Bath

I would pack everthing in a case and make an appointment to see the taxman.

They really will and are very helpfull, and its free Laughing

andrea10163 · Posted: Mon May 01, 2006 10:00 pm Post subject:

Thanks Scruff....now can you convince my hubby that the Tax man I need to see is in a nice hot country and I need to be away for at least two weeks lol Very Happy

thescruff · Moderator Joined: 03 May 2003 Posts: 4418 Location: Bath

I do know a nice one in Spain although I don't think he will do you any good (tax wise that is) Laughing

andrea10163 · Posted: Mon May 01, 2006 10:13 pm Post subject:

hehehe cheers Laughing