Bit new to all this!!

[stargazer1]

Hi, I'm just starting up. Have been offered a brand new outdoor playhouse from a friend for £60. How do I stand expenses wise? Can I put it as an expense when I won't have a receipt for it?

[Zoomie]

Ask your friend to write you a receipt.

[Posy]

I agree with Zoomie - if you would like to put it as an expense you will need a receipt as it is over £10 in value!

PS - am quite jealous, I am looking for a playhouse at the mo and £60 is a bargain!

[MrAnchovy]

Yes, get her to write you a receipt. Note that you do not have to have a receipt to claim an expense over £10, but if you are inspected you will have to come up with some evidence, or at least a convincing argument for the amount you paid. If you routinely record expenses (over £10) with no receipts where you could reasonably have obtained a receipt you could be fined for keeping inadequate records.

[stargazer1]

Thanks for your replies, I will ask her to write me a receipt. I agree Posy, its a bargain. Ive seen so many more expensive and then my friend said there was one at her mothers still in the box that they had never put up. Yay!! x