Per Diem as an expense?

[genius]

Wow... just wow...

But dunno why I'm surprised. I miss the days we could suggest people were sockie trolls.

Who cares though? We're talking peanuts. I've lost probably £700 by not keeping receipts.

I've lost more speaking to you. My time is precious,

[SueEllen]

I havent kept a single receipt all year so I'm ****ed.

Doesnt really matter I guess.. I had about 4k I was going to declare as expenses but I'll just forget it.

Not necessarily.

If you paid by card and have a transaction for it on a statement you still have proof you incurred the expense.

[Alan @ BroomeAffinity]

Who cares though? We're talking peanuts. I've lost probably £700 by not keeping receipts.

I've lost more speaking to you. My time is precious,

Not a higher rate taxpayer then?

[northernladuk]

WB!! Where have you been Alan? We've missed you....

[genius]

Not a higher rate taxpayer then?

i dont make more than 300k a year no

[Louisa@AardvarkAccounting]

i dont make more than 300k a year no

I think he meant personally... Assuming a normal personal allowance of £11,000 and the current basic rate band of £32,000 - if your personal income exceeds £43,000 then you'd be a higher rate taxpayer.

[genius]

Not relevant here though? I'm talking about impacts of not claiming this as expenses on corp tax, so it's 20%.

nothing to do with dividend rates.

[Alan @ BroomeAffinity]

It is relevant. You'll be withdrawing it one way or the other won't you? Either as expenses or as dividend.

[vwdan]

Not relevant here though? I'm talking about impacts of not claiming this as expenses on corp tax, so it's 20%.

nothing to do with dividend rates.

But if it's an expense, then that means you've paid for it out of pocket. So, unless you claim it back, you're paying personal tax on top of that. So, 20% corp tax and then whatever percent personal tax. Plus VAT if applicable.