Originally posted by BolshieBastard
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!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "What do you think is a "reasonable" amount for client meal/drinks?"
Collapse
-
-
Originally posted by TechJinx View PostI believe thats the point of the "Accounting" forum........
Er, yeah ok.
Leave a comment:
-
Originally posted by TechJinx View Postnonsense. Interim management, setting up PMOs, programme teams and new departments etc is no different to any other interim stopgap role.
No the accountant does - then you pay nothing.
https://www.gov.uk/expenses-and-bene...report-and-pay
Martin
Contratax Ltd
Leave a comment:
-
Originally posted by Forbes Young View PostIf you operating as an independent contractor outside of IR35 but are on the client's "senior management team", it doesn't look good from an IR35 perspective.
Originally posted by Forbes Young View PostIn addition, business entertainment is not tax allowable so you should be including this on your P11D.
https://www.gov.uk/expenses-and-bene...report-and-pay
Leave a comment:
-
£600 and don't hassle the other permie SMT for there share, as when they say 'share' they mean the contractors pay
It's a xmas tax on suppliers
Leave a comment:
-
Wow, talk about being superficial.
Seeing as £1200 of the £1800 is being repaid to you, why not just claim the £600 and have done with it?
Personally, I wouldnt be putting my hand in my pocket for Christmas for a couple of reasons but that's just my opinion.
Leave a comment:
-
Originally posted by TechJinx View PostAfter the opinion of those who have claimed client entertainment back before from their company.
We had our work meal out on Friday and for expediency (and CC cashback....) I picked up the tab for 30 odd people, ~£1800. The food money of ~£1200 was collected in advance and it's being transferred to me. The management team (including me) said we'd split the drinks part ~£600 between us. (Well I was told that they always do that and contractors are generally encouraged to put a bit more in...)
I've asked my accountant but he's said you cant get an official figure for whats "reasonable" so I was wondering which part of this might look reasonable for me to claim back as I've got all the receipts. I've just secured a 6 month extension which I'm sure is in no way linked to my putting some money behind the bar but who knows....
My date rate is pretty reasonable and I am on the senior management team so it's not a daft suggestion that I might have to put my hand in my pocket around xmas butits my first Xmas as a contractor so not sure what's sensible.
Leave a comment:
-
Originally posted by TheFaQQer View Postsince it's not a business expense for corporation tax purposes, and you can't reclaim the VAT on it, it's a question of what you want to pay rather than anything that is related to your accounts.
Leave a comment:
-
How many people are on the management team? If it's just the two of you, then £450 out of the £600 would be reasonable to me. If it's ten of you, then pick up less than that.
Pick a number that you are happy with and pay that - since it's not a business expense for corporation tax purposes, and you can't reclaim the VAT on it, it's a question of what you want to pay rather than anything that is related to your accounts.
Leave a comment:
-
What do you think is a "reasonable" amount for client meal/drinks?
After the opinion of those who have claimed client entertainment back before from their company.
We had our work meal out on Friday and for expediency (and CC cashback....) I picked up the tab for 30 odd people, ~£1800. The food money of ~£1200 was collected in advance and it's being transferred to me. The management team (including me) said we'd split the drinks part ~£600 between us. (Well I was told that they always do that and contractors are generally encouraged to put a bit more in...)
I've asked my accountant but he's said you cant get an official figure for whats "reasonable" so I was wondering which part of this might look reasonable for me to claim back as I've got all the receipts. I've just secured a 6 month extension which I'm sure is in no way linked to my putting some money behind the bar but who knows....
My date rate is pretty reasonable and I am on the senior management team so it's not a daft suggestion that I might have to put my hand in my pocket around xmas butits my first Xmas as a contractor so not sure what's sensible.Tags: None
- 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
Leave a comment: