For my current contract, I charge:
- a fee per day.
- a contribution towards travel expenses. This is a fixed amount for each day that I travel to the client's site.
Actual travel expenses (hotel and train tickets) are paid by me.
My question is this: are the contributions towards travel expenses taxable? I have a limited company and I'm wondering whether I pay corporation tax on these contributions.
Matt
- a fee per day.
- a contribution towards travel expenses. This is a fixed amount for each day that I travel to the client's site.
Actual travel expenses (hotel and train tickets) are paid by me.
My question is this: are the contributions towards travel expenses taxable? I have a limited company and I'm wondering whether I pay corporation tax on these contributions.
Matt
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