Share this content
9

What level of receipts should a company require

What level of receipts should a company require

Didn't find your answer?

We have a client that allows its staff to self receipt expenses under £50.00 where actual receipts are not obtained, some of this though seems to for items where a receipt or some other form of verification could be obtained, ie diesel purchases. Is there a hard and fats rule surrounding this.

Replies (9)

Please login or register to join the discussion.

RLI
By lionofludesch
14th Jul 2020 10:04

HMRC are likely to overlook the odd missing receipt but if it's seen to be general practice, you're in trouble.

Thanks (3)
Hallerud at Easter
By DJKL
14th Jul 2020 10:05

CW2012 wrote:

We have a client that allows its staff to self receipt expenses under £50.00 where actual receipts are not obtained, some of this though seems to for items where a receipt or some other form of verification could be obtained, ie diesel purchases. Is there a hard and fats rule surrounding this.

I think it depends on the calories.

Thanks (4)
Replying to DJKL:
RLI
By lionofludesch
14th Jul 2020 10:26

Salad's fine but a bacon sandwich isn't?

Thanks (1)
Replying to lionofludesch:
Hallerud at Easter
By DJKL
14th Jul 2020 10:31

But then there is the perfection which combines the two, the BLT,

Thanks (0)
avatar
By CW2012
14th Jul 2020 10:41

Looks like I was typing to fats for my own good, seriously though I was aware that years ago under £5.00 was ok for unreceipted lunches but its the first time I've come across a company with a less than £50.00 approach being ok for purchases. Any suggestions on how they should approach this.

Thanks (1)
Replying to CW2012:
By mrme89
14th Jul 2020 11:12

They should obtain receipts. Their approach is lazy, bad practice and open to challenge.

Thanks (3)
avatar
By Rammstein1
14th Jul 2020 12:55

Tell the employees that if they can't be bothered to get some form of receipt for £50 you will payroll it and they will pay tax and NIC on it. That should spur them on.

Thanks (1)
Replying to Rammstein1:
Hallerud at Easter
By DJKL
14th Jul 2020 13:09

I can now just see the staff raking through the rubbish bins at service stations.

Thanks (2)
avatar
By thestudyman
14th Jul 2020 18:34

Nearly every company I've worked for always had the policy of expenses: No receipt, no pay.

I think the only exception is where a receipt is not always possible such as at car parks.

Policies are setup so companies can get an idea of what out of pocket expenses is being incurred, and also to satisfy any HMRC audit.

As mentioned above, just looks like lazy record keeping.

Thanks (0)
Share this content

Related posts