Employers reimbursing stationary expenses for business use

Employee expenses reimbursement.

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If I were to buy stationary for my business out of my own pocket, and my business reimburses me, would this expense be a taxable benefit if the stationary is pureley for business use?

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Scalloway Castle
By scalloway
23rd Jul 2016 16:42

Reimbursement of business expenses incurred by an employee on behalf of the employer is not taxable, it is merely the business paying for normal business expenditure.

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By ToddGilbey
23rd Jul 2016 16:55

OK great, so this would simply be a DR to the "Administration Expenses" account and CR the "employee benefits" account as a liability of owing the employee the reimbursement?

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Scalloway Castle
By scalloway
23rd Jul 2016 17:20

It is not an employee benefit. The account should be called something like "Expenses to reimburse"

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By ToddGilbey
24th Jul 2016 09:19

Good man/woman :) Thanks for your help. Regards T

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