I recently set up my own limited company and began working in the City of London. I drive to the local tube station, take the tube and spend over 10 hours at my temporary place of employment. My normal place of employment is my home address.
My understanding was that I can claim business mileage, recover the cost of the tube fare and claim subsistence from my employer (my Ltd company). Another accountant told me that this was incorrect and this was not allowable following a recent tax case. He quoted something about the journey being substantially similar to my normal commute.
I am sure that he is wrong. My normal place of employment is my home. The venue that I attend is therefore my temporary place of employment. Its not like I travel from A to B and then changed from A to C (with C being close to B).
Please can some accoutants on this forum confirm that my understanding is correct? Has there been any case this year?
Also, am I correct that I can pay upto 100% of my annual salary into a pension scheme even if I do not pay any tax during the year?
My understanding was that I can claim business mileage, recover the cost of the tube fare and claim subsistence from my employer (my Ltd company). Another accountant told me that this was incorrect and this was not allowable following a recent tax case. He quoted something about the journey being substantially similar to my normal commute.
I am sure that he is wrong. My normal place of employment is my home. The venue that I attend is therefore my temporary place of employment. Its not like I travel from A to B and then changed from A to C (with C being close to B).
Please can some accoutants on this forum confirm that my understanding is correct? Has there been any case this year?
Also, am I correct that I can pay upto 100% of my annual salary into a pension scheme even if I do not pay any tax during the year?
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