1. If its update training you can treat this as a P/L expense. If its training for a new skill you will need to treat this as a capital expense as an intangible asset on the Balance sheet.
2. If you pay mileage at the HMRC approved rate of 40 pence per mile this covers not just petrol but general wear and tear of the car including repairs and insurance.
3. As long as you operate as a sole-trader and not via a limited company you're fine to include the mobile phone cost. You may need to add back a private proportion on your tax comp to represent private usage.
__________________
"People who are exceptionally good in business arent so because of what they know but because of their insatiable need to know more"
Sorry to be a pain Dustin57, I wonder if you can help me further about the course fees. I have been a bookkeeper for over 15yrs but never took any qualification so I am currently doing the ICB exams just as a formality. Would you class this as a new skill or update?
Given that you've been a book-keeper for a number of years I would say that you're simply updating your knowledge (a bit like CPD when you qualify - which is allowable), and not learning a completely new skill. It's for HMRC to argue otherwise, but I think you'd be fairly safe expensing it in the year.
__________________
"People who are exceptionally good in business arent so because of what they know but because of their insatiable need to know more"
