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tax return and reimbursements

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  • tax return and reimbursements

    hi everyone and happy new year. i am about to file in my first tax return as i am self-employed. i just wanted to know what one can claim back as expenses on reimbursements eg. travel expenses as i dont have a car yet, b&b, subsistence, and any other stuff i can claim for can be suggested also thanks.

    also for the subsistence, if claimable, since i dont really have receipts for meals is there a reasonable amount i could charge per day while away that would be reasonable so as not to encourage any enquiry from hmrc. thanks!

  • #2
    Re: tax return and reimbursements

    have a look at this thread
    [COLOR=Olive]xxxx They tried to break my back, but i survived. whatever doesn't kill you, will only makes you stronger xxxx


    • #3
      Re: tax return and reimbursements

      When working as a rep the co told us that the IR had said that meal allowances should be taxable. However, on questioning they admitted that IR staff had a lunch allowance and our excellent management said that is what they would allow us. Much more than what we had been claiming until then.

      Remember MPs can claim 50p a mile but only allow us to claim 40p.


      • #4
        Re: tax return and reimbursements

        Anyone needing tax advice needs Abdul - he's great.

        M Abdul Ghani
        Chartered Tax Adviser

        Shipleys Tax Consulting
        Email [email protected]
        Tel +44 (0)114 243 6566
        Fax +44 (0)114 249 9183

        shipleys tax

        Mention the forum and he even gives you a discount.
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