My daughter is looking to start being self employed in the beauty industry, starting wi...
GetHuman5196996's problema de servicio al cliente con HMRC de agosto 2020
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My daughter is looking to start being self employed in the beauty industry, starting with nail polishing, waxing, tanning etc. She needs to understand how much of her income will be subject to income tax and what can be offset as legitimate expenses. We have researched many articles and found them useful. What we would like to know specifically, is there a general rule of thumb method for calculating the value of consumables used in an individual beauty session. E.g. the amount of nail polish used with a customer, as a full bottle would not be used. Is there a percentage value of income, that would be acceptable as being reasonable in HMRC eyes to calculate the 'consumables' value to be offset against the full income .
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