subsistence whilst contracting via ltd

[northernladuk]

Sometimes I have to be at site quite early in the morning as I'm doing the morning shift, which deosnt give me enough time to make breakfast or else I will be late.

Poor excuse. 10 mins to make/eat breakfast, eat it in car etc... this one won't wash. Some people don't even have breakfast and it doesn't kill them, not the best but not enough to get HMRC on your back.

I am with MF on the pennies as well. I claim lunch every day as I am 70 miles from home on an industrial estate with no other cheaper food around so use the canteen.

[d000hg]

I claim lunch every day as I am 70 miles from home on an industrial estate with no other cheaper food around so use the canteen.

Poor excuse. 10 mins to make a sandwich. Some people don't even have lunch and it doesn't kill them, not the best but not enough to get HMRC on your back.

[MarillionFan]

Poor excuse. 10 mins to make a sandwich. Some people don't even have lunch and it doesn't kill them, not the best but not enough to get HMRC on your back.

You are Gordon Gecko and I claim my 5 obscure film references.

[MarillionFan]

Poor excuse. 10 mins to make/eat breakfast, eat it in car etc... this one won't wash. Some people don't even have breakfast and it doesn't kill them, not the best but not enough to get HMRC on your back.

I am with MF on the pennies as well. I claim lunch every day as I am 70 miles from home on an industrial estate with no other cheaper food around so use the canteen.

So that's £5 per day for food.

My LTD states that my working office is my home, so I assume NL is also on 140 miles round trip @ 40p per mile. = £56 quid (with a claim back in vat according to the rules). £305 per week.

Yep. Pennies. Not worth the problem, hey.

[malvolio]

So that's £5 per day for food.

My LTD states that my working office is my home, so I assume NL is also on 140 miles round trip @ 40p per mile. = £56 quid (with a claim back in vat according to the rules). £305 per week.

Yep. Pennies. Not worth the problem, hey.

So you got your car for free and never put petrol in then?

You're repaying earned income remember, it's not free money.

[MarillionFan]

So you got your car for free and never put petrol in then?

You're repaying earned income remember, it's not free money.

Malvolio. It's 40p per mile, so if you're clever you buy a car that is efficient(diesel) and depreciates less or you run an old car into the ground. Not everyone drives a sports car fella.

So you agree that it would be silly not claim subsistence back then?

[malvolio]

Malvolio. It's 40p per mile, so if you're clever you buy a car that is efficient(diesel) and depreciates less or you run an old car into the ground. Not everyone drives a sports car fella.

So you agree that it would be silly not claim subsistence back then?

I have an efficient, second owner diesel estate thanks. According to the AA's figures, it costs me around 64p a mile to own and run it.

10k miles at 40ppm means you've got £4k to spend. 10k miles at 30mpg costs roughly £450. Assuming no servicing or consumables you buy a car costing £3500 and you might make a slight profit.Whoop-di-doo.

See - I can do sums.

[MarillionFan]

I have an efficient, second owner diesel estate thanks. According to the AA's figures, it costs me around 64p a mile to own and run it.

10k miles at 40ppm means you've got £4k to spend. 10k miles at 30mpg costs roughly £450. Assuming no servicing or consumables you buy a car costing£3500 you might make a slight profit.Whoop-di-doo.

See - I can do sums.

Errrrr. No you can't. But thanks for trying.

[malvolio]

Errrrr. No you can't. But thanks for trying.

Oh bugger. It's £1.35 a litre, not £1.35 a gallon, isn't it...

[eek]

Oh bugger. It's £1.35 a litre, not £1.35 a gallon, isn't it...

Only a factor of 4.5 out. About as accurate as the average bob quote.