Originally posted by ASB
- 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!
Reply to: Receipts
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 "Receipts"
Collapse
-
Originally posted by BradleyDon't feel bad
Leave a comment:
-
You know I'm right
Originally posted by ASBWhat you said was that you need the receipt. i.e. an absolute requirement.
In any event the point is that you pretty much are required to have the receipts to fend off Hector and most contractors should therefore retain their receipts.
Don't feel bad
Leave a comment:
-
Originally posted by BradleyThis is the point I was makingWhat you said was that you need the receipt. i.e. an absolute requirement.
What I actually said was that there is not an absolute requirement for it, but without them it may be difficult.
Personally I have not had any difficultly getting an inspector to accept it in an aspect enquiry but have not been through a full compliance review since the regime change.
Originally posted by Bradleyglad you've now caught upI was never behind anyway.
Leave a comment:
-
Originally posted by ASBSo for practical purposes it may make it considerably easier to defend a challenge by having the receipts ...
Leave a comment:
-
Originally posted by BradleyASB - if you think about what HMRC say in their guidance, the only way that you can do all the checks they suggest is to refer to the receipts.
"Employees are not required to produce receipts for any amount claimed in respect of incidental overnight expenses (formerly PIEs) as long as it is within the prescribed maximum."
In order to verify the validity of the PIE claim the IR can verify (from the employer) that you were away on business. They could then request the expense claim for the trip (as per their guidance). They then check this does not include incidental already (e.g. phone, laundry etc).
There you go. No need at all for a receipt for the incidentals being claimed.
So for practical purposes it may make it considerably easier to defend a challenge by having the receipts but it is not an absolute requirement.
Leave a comment:
-
Misunderstood
Originally posted by ASBYou are mistaken. Receipts are not required. http://www.hmrc.gov.uk//manuals/nimmanual/NIM06030.htm
And for the OP receipts are not strictly necessary. However this is the most convenient method of satisfying to an inspector the expenditure took place.
Leave a comment:
-
Originally posted by BradleyYou still need receipts to prove that the PIE payment was properly calculated.
And for the OP receipts are not strictly necessary. However this is the most convenient method of satisfying to an inspector the expenditure took place.
Leave a comment:
-
Originally posted by John GaltWhy biased??????????? How much of that £200 do you get Mal?? Talk about
Leave a comment:
-
Receipts
Originally posted by Emperor DalekAnyone who says you don't need receipts is talking tulipe. Especially if they are an umbrella.
Other than your staying away from home PIE limit of a fiver a day, you have to be able to prove (and justify) expenditure for EVERYTHING.
Leave a comment:
-
Originally posted by malvolioHmmm... You may find http://www.pcg.org.uk/cms/index.php?...759&Itemid=321 rather more informative and unbiased, especially the Guide to Freelancing.
And make sure you join anyway, it will be the best £200 you spend.
Leave a comment:
-
Originally posted by MrsGoofI'm not selling or reccomanding this service but this page may answer your questions.
And make sure you join anyway, it will be the best £200 you spend.
Leave a comment:
- 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: