Originally posted by northernladuk
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Reply to: Another 2 year expenses question
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Previously on "Another 2 year expenses question"
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Originally posted by icemancomeths View PostWow, thanks for all your input, I didn't expect so many responses.
So to summarise:
I can claim for the journeys to the 2 other locations?
I can claim food ( or can I still claim subsitance ?) when working away regardless of location?
Even though it was coming direct out of the business account, when working at my contractual location:
I can't buy the train tickets through the business?
I can't pay for the accommodation through the business?
Many thanks
Try and understand the root of the rule. The difference between a temporary and permanent location and not only will you understand your question but you will have learned something.
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What you're forgetting is that this is about tax relief, not personal expenditure. If the 24 month rule applies (as it does for Bristol), you can pay for things like always, but they are treated as a BIK so you don't get the tax back. Doesn't really matter who pays for it, it's a benefit to you so is treated as taxable income, even if you don't actually touch the money yourself. That's what the P11d is for. I've always put all business expense through the company and can't remember the last time I put in an expense claim.
As has been said, go back to the guides, on here and on the IPSE website, and start reading. What else don't you understand?
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Originally posted by icemancomeths View PostWow, thanks for all your input, I didn't expect so many responses.
So to summarise:
I can claim for the journeys to the 2 other locations?
I can claim food ( or can I still claim subsitance ?) when working away regardless of location?
Even though it was coming direct out of the business account, when working at my contractual location:
I can't buy the train tickets through the business?
I can't pay for the accommodation through the business?
Many thanks
Leave a comment:
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Wow, thanks for all your input, I didn't expect so many responses.
So to summarise:
I can claim for the journeys to the 2 other locations?
I can claim food ( or can I still claim subsitance ?) when working away regardless of location?
Even though it was coming direct out of the business account, when working at my contractual location:
I can't buy the train tickets through the business?
I can't pay for the accommodation through the business?
Many thanks
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Originally posted by Lance View PostI asked my accountant today who confirmed that I can claim the £5 a night. He did suggest that I don't backdate into any earlier years just the current year.
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Originally posted by Lance View PostI asked my accountant today who confirmed that I can claim the £5 a night. He did suggest that I don't backdate into any earlier years just the current year.
That reminds me I need to check I've claimed my £5s.
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Originally posted by ladymuck View PostIt seems logical that all expenses have to pass the wholly and necessary test, and eating as a general activity doesn't fall within that.
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Originally posted by SueEllen View PostThere are certain things e.g. vending machines where you can't get a receipt so this is what the £5 is for.
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Originally posted by ladymuck View PostI got the grey area bit from one of those talks given by some contractor accountancy firm. I can't remember which one as it was a while ago. They also claimed you could make a number (the exact number escapes me as I considered it to be BS) of £75 gifts to yourself (in addition to the annual £150 staff entertainment allowance), which I never fathomed where the hell they got that from.
It seems logical that all expenses have to pass the wholly and necessary test, and eating as a general activity doesn't fall within that. I think it's more the difference between expenses that do/don't need to be declared on your P11d rather than whether or not you can put them through YourCo. AIUI you can put whatever you like through YourCo, just be prepared to answer any questions and cough up if Hector disagrees with the tax treatment you apply.
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Originally posted by ladymuck View PostI got the grey area bit from one of those talks given by some contractor accountancy firm. I can't remember which one as it was a while ago. They also claimed you could make a number (the exact number escapes me as I considered it to be BS) of £75 gifts to yourself (in addition to the annual £150 staff entertainment allowance), which I never fathomed where the hell they got that from.
It seems logical that all expenses have to pass the wholly and necessary test, and eating as a general activity doesn't fall within that. I think it's more the difference between expenses that do/don't need to be declared on your P11d rather than whether or not you can put them through YourCo. AIUI you can put whatever you like through YourCo, just be prepared to answer any questions and cough up if Hector disagrees with the tax treatment you apply.
https://www.gov.uk/expenses-and-bene...ivial-benefits
not BS, nice tax free way to pay for your nespresso pods or a bottle of gin
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I got the grey area bit from one of those talks given by some contractor accountancy firm. I can't remember which one as it was a while ago. They also claimed you could make a number (the exact number escapes me as I considered it to be BS) of £75 gifts to yourself (in addition to the annual £150 staff entertainment allowance), which I never fathomed where the hell they got that from.
It seems logical that all expenses have to pass the wholly and necessary test, and eating as a general activity doesn't fall within that. I think it's more the difference between expenses that do/don't need to be declared on your P11d rather than whether or not you can put them through YourCo. AIUI you can put whatever you like through YourCo, just be prepared to answer any questions and cough up if Hector disagrees with the tax treatment you apply.
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Originally posted by Lance View Postmy last accountant told me not to claim the £5 as I was claiming all expenses by receipt. Was that wrong?
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Originally posted by SueEllen View PostWhat you are quoting where the old rules some umbrellas use to use.
As a limited company director, company secretary or mere employee you have always had to proof or produce receipts for subsistence.
Most employers would set maximum amounts, and like umbrella companies, would have rules of what/when you could claim to avoid employees taking the p*ss. There as HMRC don't care apart from the £5 per night incidental expenses of staying away.
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