If travel expenses are no longer allowable because of a contract which has been signed over 24 months, are they added back on limited company tax comp or posted to DLA?
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Can you expand? It makes no more sense than yesterday. And this time it's not funny.
Who is paying what to whom, by way of travel expense?
There's a reason that it makes no sense; it is a question that falls into the category ordinarily referred to as "fuching stupid".
And why do you think that the travel costs are not corporation tax deductible? Please share.
And why do you think that the travel costs are not corporation tax deductible? Please share.
And herein is precisely the nub.
Which taxpayer is wanting to claim these travel costs ?
The company ? Or the employee ?
Do you deal with a lot of clients who have one client in foreign climes, who sign 36 month contracts and who have issues with travel?
https://www.accountingweb.co.uk/any-answers/claiming-travel-expenses
If it is ordinary commuting, presumably you are saying it is to a regular work place and therefore have you considered whether your co has a French branch if you are performing duties in France,regularly and over a long period?
I'd respectfully suggest that that may be too advanced a topic.
Respectfully ?
Now there's a novelty !!
Your question doesn't just need expansion. It needs re-engineering. You seem to have grasped the stick from the incorrect end.
Your question doesn't just need expansion. It needs re-engineering. You seem to have grasped the stick from the incorrect end.
I would have said the incorrect stick altogether has been grabbed!
Isn't the cost of getting to work ordinarily a personal cost? At least, if it's ordinary commuting?
An employer can of course opt to pay any personal expense of an employee. A corporate employer would normally obtain tax relief for such payments.
So CT relief would be available but the payments would be taxable on the Director so we may as well treat the costs as drawings?
Well, that's up to the director and his personal tax position.
OFFS has nobody bothered to read ITEPA 2003, s 370. And what about the individual's residence position if he's going to be "permanently" based outside the UK for 3 years... And so on...
This is a question the OP should clearly be referring to somebody else, so stop fuching encouraging them to keep stealing this client's money!