Doing contract via MyCo and paying myself a salary upto the personal tax limit so no tax to pay and then putting in a claim to MyCo for travelling everyday @ 40p per mile (but actually stopping in a hotel during the week).
MyCo invoice the client for the correct hotel / mileage costs with the correct VAT rate etc.
Am I okay to do this as no tax to pay at all or am I storing up a lot of trouble for the future ?
MyCo invoice the client for the correct hotel / mileage costs with the correct VAT rate etc.
Am I okay to do this as no tax to pay at all or am I storing up a lot of trouble for the future ?
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