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  • RE: Reimbursed Expenses - Include in Income?

    Hi I understand that element but do i need to declare the £200 as "income"? Let's say that I billed the client £1000 for my services and £200 for this expense which I had incurred. My understanding is i need to declare £1000 as income and not £1200. Is that correct? Thank you.
  • Reimbursed Expenses - Include in Income?

    I am submitting my self assessment return for last year. I incurred costs of £200 for public liability insurance which were reimbursed by the client. I am claiming the £1000 tax free trading allowance in my return, which means i will not claim expenses. Should the amount I enter for "income" include this £200 or not? Thank you in advance