This site uses cookies.
Some of these cookies are essential to the operation of the site,
while others help to improve your experience by providing insights into how the site is being used.
For more information, please see the ProZ.com privacy policy.
Nathalie Coutelle United Kingdom Local time: 09:05 Member (2008) English to French + ...
Dec 1, 2008
Dear all,
I have now relocated to the UK and need to declare my activity as freelance translator/interpreter.
But I have one question :
1-Is it possible to benefit from tax relief on business equipement (purchase of computer, car) and services (internet, phone line rental...)
Any advice/piece of information will be more than welcome
Thanks in advance.
Nathalie
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Lenah Susianty United Kingdom Local time: 09:05 Member (2004) English to Indonesian + ...
self-employed
Dec 1, 2008
If you are registered as self-employed, you can report your business expenditure when you fill in the tax return form. They don't ask the details, so usually I also calculate the cost of translation conferences, courses, software, other equipments I have to buy during that tax year since they are part of the business. But also make sure you have the receipts for all those stuff in case they ask you.
Good luck
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
nordiste France Local time: 10:05 English to French + ...
see official UK Tax website
Dec 1, 2008
I am sure you'll find usefull information on the UK Tax & revenue website
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Ruth Martínez Spain Member (2004) English to Spanish + ...
VAT Threshold: £67,000
Dec 1, 2008
Nathalie:
You do not need to register for VAT unless your turnover for the previous 12 months is over £67,000 - or if you think your turnover may soon go over this limit.
And you do not need to be registered for VAT in order to claim Expenses and/or Capital Allowances.
Ruth
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Nathalie Coutelle United Kingdom Local time: 09:05 Member (2008) English to French + ...
TOPIC STARTER
Thanks
Dec 1, 2008
Thanks to all of you for your very helpful and quick answers.
Nathalie
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Lenah Susianty United Kingdom Local time: 09:05 Member (2004) English to Indonesian + ...
no vat
Dec 1, 2008
No we don't have to have VAT, just self-employed and every year they have different allowance level too, which is good!
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Marijke Singer Spain Local time: 10:05 Member Dutch to English + ...
You do not have to register for VAT
Dec 2, 2008
Nathalie Coutelle wrote:
Thanks very much Lenah
But do you need to register for VAT and pay VAT to benefit from this tax relief?
Nathalie
No, you can deduct business expenses without registering for VAT.
Subject:
Comment:
The contents of this post will automatically be included in the ticket generated. Please add any additional comments or explanation (optional)
Manage your TMs and Terms ... and boost your translation business
Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.
The leading translation software used by over 270,000 translators.
Designed with your feedback in mind, Trados Studio 2022 delivers an unrivalled, powerful desktop
and cloud solution, empowering you to work in the most efficient and cost-effective way.