beckycoop
Silver Member
Registered 21/09/2007
Posts: 35
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Post by beckycoop on Sept 26, 2007 13:13:10 GMT
Hi, How do you work out the expenses on your heating and Lighting. At the moment I pay £33 a month electric but obviously that includes TV,washing machine, and everything else electrical. Looking at the tax website I can claim for my heating and lighting. How do I know how much Ive spent on these things? Now Im confused  Becky |
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Post by sarahnev707 on Sept 26, 2007 13:21:12 GMT
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beckycoop
Silver Member
Registered 21/09/2007
Posts: 35
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Post by beckycoop on Sept 26, 2007 13:27:44 GMT
Right...So I claim 33% of my electric bill to cover lighting and heating. Is that right? Im quite intelligent really ;D lol Becky |
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Post by Pauline on Sept 26, 2007 16:36:29 GMT
You've got it Becky!  and don't forget to do the same with your gas bill, that covers cooking and heating too if you have gas power. |
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Post by heldraincloud on Sept 27, 2007 5:42:50 GMT
and 10% of your earnings for wear and tear xx
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Post by bubbly on Oct 29, 2007 21:47:17 GMT
The exact same question had been bugging me and I could do with some help and advice if anyone's willing. So, let me get this right - I deduct the % from the TOTAL amounts shown on my gas and electric bills? I don't have to bother about the gas/electric that has been for my own personal use (i.e. washing machine, cooker etc)? I just need to look at the TOTAL amount on my bills and then deduct the % from that? That sounds much easier This leads on to my next question: when I begin childminding, I'm going to use the NCMA accounts book. This has pages for 'weekly expenditure & allowable expenses'. Therefore, if I'm waiting for my QUARTERLY gas/electric bills to arrive, how do I fill in WEEKLY 'allowable expenses' when I don't have a figure to work with to deduct gas/electric percentages??? Obviously I can't estimate otherwise the tax man will be after me ;D. Do I fill in the parts I'm able to and then calculate the total amounts every quarter? I don't like the idea of not having fully completed accounts on a weekly basis. Can anyone advise? |
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Post by deeb66 on Oct 30, 2007 15:31:33 GMT
It doesn't really matter if you deduct it weekly, monthly or quarterly as the tax man isn't really interested so much in monthly accounts just what is claimed in the tax year.
We all do it differently - i.e. which ever is easiest for us. I don't have quarterly bills but pay a monthly direct debit so once a month I claim a percentage of that amount as I find it easier than trying to work out what the weekly figure is.
If you wanted to do it weekly you could divide the bill amount by 13 weeks or just claim a percentage of the whole amount in that 3 month period.
It really is up to you and whatever is easiest.
Dee
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Post by lisaurry on Nov 3, 2007 22:40:22 GMT
Hi Bubbly,
I use NCMA accts, and I have my bills monthly - so I did monthly amount X12 mths, divided into 52 weeks to work out weekly amount, then x %.
It tells you in the NCMA book how much % you can claim, as it depends on how many hours you mind for in a week (full / part time).
Hope this helps?
Lisa x
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Post by bubbly on Nov 4, 2007 0:12:12 GMT
Thanks Lisa. I decided to change from quarterly gas/elect. bills to a monthly direct debit. I think it'll make doing my accounts easier. I'm going to be using the NCMA book too. It's 21 years since I did maths at school and I had to re-learn how to calculate percentages all over again lol.
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