Take Home Pay

[Unicorn]

Permie Expenses

In a permie job I had mileage claims had to be accompanied by petrol VAT receipts of 50% of the amount being claimed. Permiedom HR said it was a requirement from HMRC to validate the claim.

Never bothered to question whether HR's intepretation was correct as the receipts could be dated from before or after the claim date and didn't have any car reg numbers on so you could use anybody's. Bit of a pointless exercise all raound.

[Beefy198]

For the sake of keeping a piece of paper though....

(Although to be fair you could just produce your bank account statements showing petrol station top ups)

[Fred Bloggs]

Yes and if you pay yourself this lower salary then your excess goes up to reflect the fact they consider there is more chance of an investigation. I have the TLC35 product myself and have spoken to them about this.

They didn't say that here. Hmmm. You've got me wondering now. I too have TLC35.

[original PM]

In a permie job I had mileage claims had to be accompanied by petrol VAT receipts of 50% of the amount being claimed. Permiedom HR said it was a requirement from HMRC to validate the claim.

Its VAT receipts they want - so they can claim the VAT back.

[diesel]

Interesting to note the differences in how contractors pay themeselves between min.wage and directors fee.......there does not seem to be a definite answer on which is better.

Although i do agree that the HMRC would probably make a bigger case to go after a LTD co which could be liable more tax in the region of £'000s than just a few hundered.

Expenses - i always submit (or copies) or receipts to my accountant. they say they need to verify that the expense is genuine as part of their procedures. Suppose better to be safe & honest than sorry.

A question - if one does mileage for client say to visit another site. And you fill in the client expense sheet say for 50miles claimed as personal mileage to my LTd co (40p/mile+VAT). Sometimes they ask me for petrol receipts, before they did not. I reply saying i do not have a receipt just for 50miles worth of fuel, plus i need the original receipt to show my accountant to claim the expense back from my Ltd Co. The last time the expenses administrator at the client put her own fuel receipt for me, which was kind but she should have told me.

What do others do in such circumstances?

[diesel]

Expenses - i always submit (or copies) or receipts to my accountant. they say they need to verify that the expense is genuine as part of their procedures. Suppose better to be safe & honest than sorry.

A question - if one does mileage for client say to visit another site. And you fill in the client expense sheet say for 50miles claimed as personal mileage to my LTd co (40p/mile+VAT). Sometimes they ask me for petrol receipts, before they did not. I reply saying i do not have a receipt just for 50miles worth of fuel, plus i need the original receipt to show my accountant to claim the expense back from my Ltd Co. The last time the expenses administrator at the client put her own fuel receipt for me, which was kind but she should have told me.

What do others do in such circumstances?

BUMP for response!

[Lewis]

They didn't say that here. Hmmm. You've got me wondering now. I too have TLC35.

Yep, it's tricky. I can't decide myself. Am on Min Wage at moment but realise this is costing me extra taxes. Am happy to pay that if it means I am less likely to get investigated, but there is no evidence of this. It was almost easier when QDOS said you needed to pay Min Wage to have insurance!