My hubster is s/e and declaring expenses is complicated so ( I may be wrong) I doubt her hauls/holidays are deductable, depends on how she is paid to show them off I think
As social media’s popularity increases, so too does the tax man’s interest in the financial affairs of its stars. Find out more in Danbro’s latest blog.
www.danbro.co.uk
I remember reading this before after a Google. The area is really grey (ironic
) because HMRC can't even chase her for some things because it comes down to proof. She barely declares anything on her stories or grid, and most things are gifted without contract. She, or management will verbally agree for her to just mention the company, as the company will see it as any increased foot fall is enough payment. After all, there's always a few crazed hinchers that will pay a fortune for something.
The holiday home I don't think she'll get a deduction for, but as a registered self employed person she could claim back for the cleaning products she buys as 'use for her business'.
I went self employed for a while a year or so ago and the stuff you can claim back on is unreal. Like a dick I didn't, but even clothes I wore and food I bought while in working hours I could have claimed a percentage back on. I suppose it depends how savvy her accountant is.
If she can't then fair enough, she's made enough anyway off the back of other people, but if she can then that royally takes the piss.
She's very slow on her accounts. Last time I checked they still weren't done!