I always used to expense my monthly rail pass. I wonder if there's some confusion because a BIK always arises from a company car, even if you only use it for work, on the grounds that it is available.
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Monthly railway ticket- can this be expensed?
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Originally posted by mudskipper View PostAs long as the business use justifies purchasing a season ticket rather than individual tickets, then it's allowable. (subject to 24 month rule etc).
https://www.gov.uk/hmrc-internal-man...anual/eim16067Comment
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Originally posted by TheCyclingProgrammer View PostAs illustrated in example 2 here:
https://www.gov.uk/hmrc-internal-man...anual/eim16067'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladyuk View PostI always used to expense my monthly rail pass. I wonder if there's some confusion because a BIK always arises from a company car, even if you only use it for work, on the grounds that it is available."You’re just a bad memory who doesn’t know when to go away" JRComment
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I just spoke to my accountants (SJD) and they said the same thing as your accountant OP. They said weekly tickets (mon-fri) were better and wouldn't raise any eyebrows.Comment
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Originally posted by mattfx View PostI just spoke to my accountants (SJD) and they said the same thing as your accountant OP. They said weekly tickets (mon-fri) were better and wouldn't raise any eyebrows.Comment
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Originally posted by TheFaQQer View PostI'd follow that up with asking them why their advice is different from the examples that HMRC give in the expenses manual.
Originally posted by TheFaQQer View PostIf they can't give a good reason (and I'd love to hear it), then fire them.Comment
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I've been happy with their advice thus far.
I think they are just trying to act on the cautious side. I read the HMRC article and it would appear that my accountants (and the OPs accountants) have got the wrong end of the stick.Comment
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Originally posted by mattfx View PostI just spoke to my accountants (SJD) and they said the same thing as your accountant OP. They said weekly tickets (mon-fri) were better and wouldn't raise any eyebrows.
For TFL and rail companies in the UK, weekly tickets are 7 day.
So you will still get 2 days personal benefit."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by mattfx View PostI've been happy with their advice thus far.
I think they are just trying to act on the cautious side. I read the HMRC article and it would appear that my accountants (and the OPs accountants) have got the wrong end of the stick.Comment
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