stek's daft question of the day.....

[jmo21]

Doesn't the fact that you are the company make all this a bit wooly? Large companies with multiple employees is one thing. You being the director and employee makes a difference in many areas???

Could it not be even more important that "you" have to get back sooner for the business?

Not sure how "you" benefit from this?

But yeah, I've no idea really, just hippoptomising.

[stek]

Doesn't the fact that you are the company make all this a bit wooly? Large companies with multiple employees is one thing. You being the director and employee makes a difference in many areas???

I see the point but the company is a totally separate legal entity, a different person, one employee or 10,000, it legally makes no difference. I am not legally the company. Ok I know the Gov and HMRC can lift the veil but legally, and morally, is what I initially suggested wrong?

There's no way I'll do it but for me it does leave a bad taste in the mouth, I will personally incur extra costs that have derived solely from the actions of a legally separate body, directed my me or not.

If I say no, me as both an employee and director will cost the company income and I could get the sack!

[Clare@InTouch]

While i'm on one - is this scenario a justifiable expense?

It pertains to a particular actual event, last year, on contract, Friday drive home, Swansea - Leeds, usually 260-280 miles depending on whether you take the Severn Bridge (stupid) or M50 or Heads of Valleys, but on this evening the M42 was cursed, two separate pileups, TomTom re-routed me twice, ended up mileage home was 350.

Claim 350?

Absolutely fine.

[northernladuk]

Absolutely fine.

Don't believe you without a link.....

[Clare@InTouch]

A large consultancy firm could pay for an employee's early flight and pay him a bonus to cut a holiday short for work, presumably this would be a legitimate expense for them.

I'm guessing it would not be possible for a director of a contractor style ltd, but not sure exactly on what basis it differs from the large consultancy and their employee.

Can anyone clarify?

It would, but then it also likely be taxable earnings in the employee's hands. So CT relief and treated as earnings.

Stek can do that too - get the company to pay the flight, claim it, but then it's a BIK. As he owns the company he's no better off, in fact he's probably just cost himself some NI.

[Clare@InTouch]

Don't believe you without a link.....

[stek]

Absolutely fine.

But the extra mileage and time saved was for personal benefit alone - I should have sat in the traffic surely!!

[stek]

I'm gonna claim the flights - I don't mind doing a bit of bird for CUK.....

[Clare@InTouch]

But the extra mileage and time saved was for personal benefit alone - I should have sat in the traffic surely!!

Even HMRC would be hard pressed to argue that, and the point is that the journey itself was allowable. Whether or not you decided to sit in traffic isn't business related one way or the other

[Clare@InTouch]

I'm gonna claim the flights - I don't mind doing a bit of bird for CUK.....

We'll send you care packages. And some new soap.