expenses dispensation - sanity check
sanity check - expenses dispensation. Until I have run into this http://www.hmrc.gov.uk/forms/p11dx.pdf i thought that directors can invoice the company and then reimburse themselves the valid business expenses as they occur without any other complications.
Was not aware it has to be put on P11d and a tax charge arises? not sure I am thinking straight as I have been up from 3am.
Do expenses (valid ones like travel, subsistence etc) need to be put on P11d unless we apply for a dispensation?