I just recived an email from Giant so say their dispensation has been increased to double what it used to be now £36!
THis makes me laugh as their portals don't allow you to claim exactly what you spent, your only option s to claim the full day's flat rate, meaning you are then ment to fill out a self assessment form at the end of the year to actually claim what you were rightly entitled to in expenses. Surely they cannot keep doing this and surely the HMRC aren't stupid enough to let it continue, oh yeah they are as they were the one that upped their dispensation!
Makes me really annoyed as hundreds or thousands of contractors go through people like Giant because of their dispensation, regardless of whether thwey are able t claim or not. Many I speak to just say well my umbrella won't let me claim any less than the flat rate so what I can do. Meanwhile pocketing £50-100 a month extra for blatant fraud.
Rant for day over!!
THis makes me laugh as their portals don't allow you to claim exactly what you spent, your only option s to claim the full day's flat rate, meaning you are then ment to fill out a self assessment form at the end of the year to actually claim what you were rightly entitled to in expenses. Surely they cannot keep doing this and surely the HMRC aren't stupid enough to let it continue, oh yeah they are as they were the one that upped their dispensation!
Makes me really annoyed as hundreds or thousands of contractors go through people like Giant because of their dispensation, regardless of whether thwey are able t claim or not. Many I speak to just say well my umbrella won't let me claim any less than the flat rate so what I can do. Meanwhile pocketing £50-100 a month extra for blatant fraud.
Rant for day over!!
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