• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Daily Subsistence

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #61
    Originally posted by JamJarST View Post
    I see your wrong and raise you:
    HM Revenue & Customs: Incidental overnight expenses
    The company is allowed to pay the expense and claim it as a company expense, but there is a BIC implication if it exceeds £5 (10 if overseas travel).
    Indeed but A) Nowhere does it mention food being wholly and exclusively which was your statment verbatim.
    B) the £5 is towards things like laundry. That does not make laundry wholly and exclusive either.

    All they are doing is acknowleding there is extra cost on top of what you normally pay so give you a little bit to cover.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #62
      Originally posted by northernladuk View Post
      Indeed but A) Nowhere does it mention food being wholly and exclusively which was your statment verbatim.
      B) the £5 is towards things like laundry. That does not make laundry wholly and exclusive either.

      All they are doing is acknowleding there is extra cost on top of what you normally pay so give you a little bit to cover.
      Ah I see, my use of the wholly and exclusively is the issue. Well the cost is allowed as a company expense is what I should have said.

      Comment


        #63
        Originally posted by JamJarST View Post
        Ah I see, my use of the wholly and exclusively is the issue. Well the cost is allowed as a company expense is what I should have said.
        Well it is pretty important.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

        Comment


          #64
          You can claim for meals when away on business to a temporary workplace if the cost of the meal is more than it would cost you normally. See this article:

          Meal Allowances | Internet Taxation Ltd

          Here's a relevant quote:

          It is the extra expense that is allowable but in practice it is not possible to identify the amount of extra expense so where it can be identified that extra expense has been incurred HMRC will allow the full amount of the expense.

          Comment


            #65
            Originally posted by Hex View Post
            You can claim for meals when away on business to a temporary workplace if the cost of the meal is more than it would cost you normally. See this article:

            Meal Allowances | Internet Taxation Ltd

            Here's a relevant quote:

            It is the extra expense that is allowable but in practice it is not possible to identify the amount of extra expense so where it can be identified that extra expense has been incurred HMRC will allow the full amount of the expense.
            So it's impossible to work out the extra cost but if you can do the impossible HMR&C will allow it as an expense - sounds about right
            Connect with me on LinkedIn

            Follow us on Twitter.

            ContractorUK Best Forum Advisor 2015

            Comment


              #66
              Originally posted by LisaContractorUmbrella View Post
              So it's impossible to work out the extra cost but if you can do the impossible HMR&C will allow it as an expense - sounds about right
              I think it is more that if you can work out that there is an extra cost but you can't exactly quantify it then you can claim the total. If you buy a sandwich for £3.50 I think it's fairly clear that there is an extra cost over what it would have cost for materials to make this at home. How much extra? £2.50? £2.00? Just claim the £3.50.

              Comment

              Working...
              X