What Can I Include On Company Expenses, To Reduce Tax Bill?

[LondonManc]

Yes

[northernladuk]

No

[AnotherGuy]

Yes

No

[SueEllen]

Go talk to your accountant

[FrontEnder]

I never new about these incidental expenses. I'm thinking I can probably claim for some things. I'll ask my accountant, but I think it's worth discussing here too.

I'm staying in a house rather than a hotel in order to reduce my expenses. Basically I don't have to eat out or get takeaways as I have a kitchen and fridge. I pay a weekly rate inclusive of all bills which actually works out less than hotels around here.

I occasionally eat out, but generally get shopping from a supermarket. I therefore haven't claimed these as the cost isn't really any more than if I was staying at home.

However, I think this falls under the definition of incidental expenses:

‘Incidental overnight expenses’ are personal (non-business) expenses incurred by an employee while travelling overnight on business.

Thoughts?

[northernladuk]

Jeez. It's not complicated... :|

[FrontEnder]

Jeez. It's not complicated... :|

What's not?

[AnotherGuy]

Go talk to your accountant

Did you even read before writing that? I already talked to my accountant. I'm asking for second opinions.

But, whatever.

[northernladuk]

Third opinion. The second would be yours from from reading the links and understanding the explanations.

[SueEllen]

Did you even read before writing that? I already talked to my accountant. I'm asking for second opinions.

But, whatever.

Yes I did.

I also told you were I got my information from as I've stayed in lodgings, hotels, B&Bs, self-catering apartments and with friends while working away.

If you have asked your accountant, read the links and googled the other sources then you should understand what you can claim and why.

You basically cannot claim more than you have actually spent. You also should be able to prove your accommodation costs if asked. Finally you also need to stick to one method of calculating your expenses - so if you have claimed the extra cost of phone calls on your itemised hotel bill (and not having an itemised bill is suspicious) you can't claim the £5.