How do I turn off simplified expense accounting?

Martinz · ‎March 27, 2020

Hello, I am self-employed and have came across under ‘taxes’ some disallowable expenses that should be under the allowable expenses, in particular car/van expenses which relate to fuel, repairs etc. I don’t use the mileage tracker, and I record everything as actual expenses with receipts. In comparison, HMRC have recommended that I used the ‘actual costs’ in comparison to the ‘simplified expenses’. Also, under the same category ‘taxes’, it says show SA103F boxes. What I need it to show is SA103S boxes please.

ShiellaGraceA · ‎March 27, 2020

Hello @Martinz,

The SA103F is a deduction category you can claim as an allowable expense. It includes the SA103F box numbers, QuickBooks Self-Employed subcategories, and information that you can and can't deduct.

Here's an awesome article about SA103F Categories for your guidance.

The home-office expense doesn't apply to a private or non-business portion of the expense or cost of buying business premises. You can read the details in the same article above under "Rent, rates, power and insurance costs Box 21".

I'm attaching our help page about self assessment and year end taxes for your reference.

Should you need help with anything else, please let us know. We're always here for you. Be safe.

View solution in original post

EmmaM · ‎March 27, 2020

Hello Martinz

In the instance where you have been told by HMRC, you can claim for fuel but you are seeing it show in disallowable expenses. It would be a case of selecting travel instead of car van expenses as the category.

QuickBooks Self Employed tax summary does not have a way for it to show the SA103S boxes

Martinz · ‎March 27, 2020

Thank you, I’m still pretty new to all of this and hope to develop a better understanding. So what is the SA103F boxes for? And where can I find this on a self-assessment tax return?
is there a full list of explanations for categories and sub-categories, detailing what comes under allowable and non-allowable expenses?
Home-office expenses is also another one that seems to be coming up as non-allowable expenses? Why?

ShiellaGraceA · ‎March 27, 2020

Hello @Martinz,

The SA103F is a deduction category you can claim as an allowable expense. It includes the SA103F box numbers, QuickBooks Self-Employed subcategories, and information that you can and can't deduct.

Here's an awesome article about SA103F Categories for your guidance.

The home-office expense doesn't apply to a private or non-business portion of the expense or cost of buying business premises. You can read the details in the same article above under "Rent, rates, power and insurance costs Box 21".

I'm attaching our help page about self assessment and year end taxes for your reference.

Should you need help with anything else, please let us know. We're always here for you. Be safe.

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How do I turn off simplified expense accounting?