Originally posted by CloudWalker
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- You are working via your own Ltd Co.
- Your company does not have a P11DX dispensation from HMRC.
- Client site is in the UK.
- You travel daily from your normal place of work (i.e. your home) to the client site.
- You have been making this same (or similar) business journey for less than 24 months.
- The business trip does not involve an overnight stay.
In that case:
- The HMRC benchmark scale rates do NOT apply.
- Incidental overnight expenses do NOT apply (clue is in the name).
- There are no "round sum" allowances.
- Worked hours are NOT relevant.
- All REASONABLE subsistence expenses over and above usual subsistence costs at your normal workplace (home) may be claimed.
- You may claim the FULL amount of the actual expenses, not just the extra incurred.
- You must RETAIN RECEIPTS as proof.
- Choose your own definition of 'reasonable' but expect to defend it in court if you take the p*$$.
- 'Claim' means either paid out of-pocket and reimbursed by YourCo., or paid directly by YourCo.
- You must record the sum total of all subsistence expenses on your P11D (and your personal SA) regardless of how it was paid for.
- The expense is deductible from YourCo.'s profit, it saves on corporation tax and that's it.
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