Hi
I’ve been contracting through my limited company since November 2017. I understand that I can claim underground fare/mileage allowance from home to my place of work for 22 months. My living situation is that I stay between two properties. One property requires a short underground journey (£2.80) per day and the other amounts to roughly £15 mileage allowance and £5 parking. The majority is underground travel and I have a smartcard usage report that shows the day’s I used this. On any other days I have a mileage report. Are there any tax issues here with claiming the two different types depending on use that day?
Also, I took no salary from the first 5 months as I had used my personal allowance in a previous job. This has no impact on reimbursing expenses as a director?
Any guidance appreciated!
Thanks
I’ve been contracting through my limited company since November 2017. I understand that I can claim underground fare/mileage allowance from home to my place of work for 22 months. My living situation is that I stay between two properties. One property requires a short underground journey (£2.80) per day and the other amounts to roughly £15 mileage allowance and £5 parking. The majority is underground travel and I have a smartcard usage report that shows the day’s I used this. On any other days I have a mileage report. Are there any tax issues here with claiming the two different types depending on use that day?
Also, I took no salary from the first 5 months as I had used my personal allowance in a previous job. This has no impact on reimbursing expenses as a director?
Any guidance appreciated!
Thanks
