Expense Allowances and Contractors

Expense Allowances and Contractors

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Many umbrella companies offer contractors high subsistence allowances for overnight stays and meals with remainder of money being treated as a salary and subject to income tax.

Are there any IR rates available for overnight stays and meals which a contractor operating through his own Ltd company could use ?

I am seeking to compare the own company position with operating as a consultant through one of these umbrella companies.

Jacob

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By User deleted
25th Nov 2004 12:35

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Jacob, this has been a very popular subject of late and you will be able to glean a lot of info by a quick search of Any Answers

https://www.accountingweb.co.uk/cgi-bin/item.cgi?id=133710&d=448&h=668&f=452&dateformat=%25o%20%25B%20%25Y

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