Tax Returns for Electrician
If you are a self-employed electrician you will have to prepare and file a tax return so you can declare your profits to HMRC and pay any appropriate tax. There are a number of electricians who are paying extra tax than necessary, either due to the fact they haven’t recorded proof of their expenses or they don’t understand what charges and allowances they are able to claim. As a Self-employed electrician, you can claim all the expenses that you have incurred which are wholly & exclusively for the business purposes.
Some of the Expenses you can claim are:
|· Accountancy fees|
|· Bank charges on business account|
|· Computer consumables|
|· Consumable tools|
|· Fares & Travelling expenses|
|· Laundry & Cleaning|
|· Materials used for your work|
|· Mobile Phone – Business Use|
|· Other sundry items|
|· Postage & stationery|
|· Protective clothing such as Overalls and Work Boots|
|· Repairs & maintenance of equipment|
|· Subsistence (if working away from home)|
|· Telephone Landline – Business use|
|· Trade Magazines|
|· Use of home as office|
As an electrician you are working in construction industry scheme, where you usually pay taxes in advance either at 20% or 30%. Our expert team of qualified accountants can help you to get the maximum refund from HMRC. Get In touch with team ACCOTAX, if you are looking for tax return services for electricians or tax refunds for electrician in UK.
You will be in safe hands!
ACCOTAX is proudly providing Tax returns services for electricians, we are accredited & regulated by ICAEW, ACCA & AAT. Our proactive approach helps to identify any possible issues ahead and helps you to plan effectively to implement efficient growth plans.