Where an individual incurs genuine business expenses on networking/client entertainment, in most circumstances that individual can be reimbursed on a tax free basis by their employer, once the expenses are fully vouched and reasonable (strict Revenue guidelines must be adhered to). Like food, shelter is a basic needĬlient entertainment - although this may be a business expense, it is not an allowable deduction for tax purposes. In the case of an employee on a business trip whereby they are forced to eat out or incur food costs that would not be normal, an allowance may be given to cover these costsĬlothing costs – normal clothing even clothes worn to work are non-reclaimable expensesĪccommodation – the cost of accommodation is not allowable. It is a basic need and is not related to business operations. Personal mileage expenses – mileage that is not directly related to business is not claimableįood expenses – food is a living expense. There are certain expenses that cannot be reclaimed: Self-assessed Deadline: File your tax return before the deadline here. However, if you travel between one place of work to another location where work is also being carried out temporarily, a portion of this tax may be claimed back. travel from home to work cannot be reclaimed. Generally, capital allowances (tax deduction spread over a number of years) are claimed on the acquisition of equipment as this is treated as capital expenditure for tax purposes. In the case of an asset such as computers, a thorough examination will be conducted to ensure that it is being used solely for business purposes. Details of the usage and an explanation for its purchase will be required. Any equipment used specifically in relation to the running of the business may be reclaimable.
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