claiming vat back on tools as mechanic

[conza123]

Im and employed mechanic as was told that i could possibly claim the vat back on my tools.
1st can i and 2nd how do i go about doing it

many thanks connor

[Novasport]

Yes you can

http://www.hmrc.gov.uk/incometax/relief-tools.htm

[conza123]

Yes you can

how do i go about doing it?

[AndrewJenkins]

yeah you can keep meaning to get round to doing it just have to fill out a form and send it off think you can find the form on the net

[conza123]

yeah you can keep meaning to get round to doing it just have to fill out a form and send it off think you can find the form on the net

were do i find the form as looked on net and cant find anything

[thespannerman]

i claimed a couple of years back, iirc you can only claim back upto 10 years, and you need receipts.unless you have bought everything from snap-on you can just get an acount history from your dealer.
well worth doing if you have spent a small fortune.you can do it yourself but there are companys that can do it for you but they charge a percentage

[conza123]

ive only been mechanic for 2 years and spent around £1500 with the snap on man and wanted one of these
http://img.photobucket.com/albums/v54/markyd3/IMG_1476.jpg
and if i claim my vat back on previous tools i can put at least a 3rd on the price deposit down or even more.

im still looking on net, is there some form somewhere on like the hm revue and customs website i can print off and fill out atall

[meritlover]

To find out how you can get tax relief for tools or specialist clothing and the time limits for getting it, read the guide 'How to get allowances and reliefs - employees or directors' by following the link below.
Before you contact HMRC you’ll need to have all the following information to hand:


name and address of your employer
what expenses you are claiming for, for example the costs of laundering your uniform
the industry you work in
your occupation or job title
details of any laundry or cleaning services provided by your employer
details of payment or vouchers provided by your employer to cover laundry or other costs



http://search2.hmrc.gov.uk/kb5/hmrc/contactus/view.page?record=hpkspulskxM

[kbnova]

be careful, hmrc are sneaky heurs, this a good way to see what your spending your money on, if they see you buying to much they will check your paying enough tax, mate was on the snap on lorry and a company who were agents helping hmrc claim back tax on tools, got him to fill in the form and snap provided the list of tools bought in the past year, he got a letter from hmrc with a form for him to fill in, he got shafted , owed them money in the end up,

[conza123]

be careful, hmrc are sneaky heurs, this a good way to see what your spending your money on, if they see you buying to much they will check your paying enough tax, mate was on the snap on lorry and a company who were agents helping hmrc claim back tax on tools, got him to fill in the form and snap provided the list of tools bought in the past year, he got a letter from hmrc with a form for him to fill in, he got shafted , owed them money in the end up,

i only give snap on man £10-£20 a week so dont think they can shaft me

[thespannerman]

doesnt matter how much you give hime a week, its the total spend they would be interested in.i claimed back for 7 years and only got back for 4..wasnt complaining though, got near a grand back !!lol depends how much you claim back on though.sometimes its not worth it.i knew mine would be a fair amount thats why i did it.

[thespannerman]

think it makes a difference if your employed or self employed

[conza123]

think it makes a difference if your employed or self employed

im employed,

im gonna go threw it with my mum at weekend and mock a letter up and see what happens

[Nova00]

Income tax - possibly
VAT - NO

[Asa-James]

I found the forms the other week, looking at doing it myself. I'll look it up again tomorrow. Oh, and the electric guns are EPIC!

[Nova00]

the form is P87
http://www.hmrc.gov.uk/forms/p87.pdf
You will only get the tax back if you paid the tax in the first place !
Claim on the VAT inclusive price

You cannot claim the VAT back unless you are trading (ie self employed) and VAT registered

[thespannerman]

The electric guns are ok but they cant beat the air powered ones anap on do. I have one nd its the only one that will undo truck caliper bolts in our workshop!!

[conza123]

The electric guns are ok but they cant beat the air powered ones anap on do. I have one nd its the only one that will undo truck caliper bolts in our workshop!!

as my workshop is the futhest away from compress the air line and all that, and i can take the battery one and use it anywhere

[thespannerman]

Yeah we have some at work handy for breakdowns

[8valve-craig]

You cannot claim the VAT back unless you are trading (ie self employed) and VAT registered

This ^

Suprised it took 2 whole pages to be honest. Claiming VAT back is completely different to claiming expenses against income.

[mowgli]

all people in recognised 'professions' can claim a certain amount of legitimate expenses back. there is an allowance figure. my mrs used to claim for tights when her nurses uniform rules dictated she must wear them. she got about £100 a year.. they now wear trousers.