Originally posted by Pondlife
View Post
- 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!
meal allowances for a ltd company
Collapse
X
-
-
I am not having a go here, but come on people, your in business for yourselves from the minute you start work in a morning you need to be thinking about what do i need to be doing to run my business, and keeping receipts, its not exactly rocket science is it, you do it for your fuel so just do it for everything else as well.
and it will be easier to explain to the tax man why you have a filing cabinet full of receipts than why do don't have any at allComment
-
Originally posted by Support Monkey View PostI am not having a go here, but come on people, your in business for yourselves from the minute you start work in a morning you need to be thinking about what do i need to be doing to run my business, and keeping receipts, its not exactly rocket science is it, you do it for your fuel so just do it for everything else as well.
and it will be easier to explain to the tax man why you have a filing cabinet full of receipts than why do don't have any at all
The problem I see here is that the OP is trying to use every trick in the book to minimise his tax bill which gets to the stage where it costs you more in effort than you do saving on the liability.
There's a lot I could expense for but I don't because my time is worth more than the effort to save a few pounds a dayOriginally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
-
Subsistence is allowable if you're working at a temporary workplace. Here's a nice link to have a look Travel expenses: general: accommodation and subsistence: include associated subsistenceComment
-
Originally posted by Pondlife View PostWhen did lunch become an allowable expense?
I thought it was a case of "you would eat it anyway so it's not an additional cost"
Happy to be wrong on thisComment
-
Originally posted by SimonMac View PostAnd I get your accountant will love the fact you provide a million and one receipts for your 30p paper in the morning.
The problem I see here is that the OP is trying to use every trick in the book to minimise his tax bill which gets to the stage where it costs you more in effort than you do saving on the liability.
There's a lot I could expense for but I don't because my time is worth more than the effort to save a few pounds a dayComment
-
"most" Ltd Contractors claim back the cost of their lunch from their Ltd when they're off working on the client site which for "most" Ltd Contractors is "most" of the time.
If I loose the odd receipt then I just include the average for that site or if I can remember the exact value then I use that.
Actually, there was a time when I lost about 3 months worth (end of contract beers!) .....again though...I've taken the chance and claimed it since I can prove I was there and I must have eaten something plus my bank statements show plenty of lunch time transactions at Tescos Express.Comment
-
Originally posted by Support Monkey View Post"hello mr shopkeeper can i have a receipt please" place receipt in Pocket\wallet get home place receipt in Intray end of month when filling in expense form write down amount and date, file with other paperwork for that month, "yes i can see how that could be complicated for some people"Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
-
Originally posted by SimonMac View PostI never said it was complicated, I said it wasn't worth the effort.
"hello mr shopkeeper can i have a receipt please" place receipt in Pocket\wallet get home place receipt in Intray end of month when filling in expense form write down amount and date, file with other paperwork for that month, "yes i can see how that could be to much effort for some people"Comment
-
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment