Expenses
Expenses Dispensation
Tax efficient contracting
Employees are able to make a claim, where a cost has been wholly, exclusively and necessarily incurred in the performance of their duties. Business expenses will be reimbursed in line with the rules and guidelines of the HMRC dispensation.
The outcome of this is in reducing your tax liability because the expenses are deducted before the PAYE calculations of tax and National Insurance (NI) are taken off.
Expense deductions are subject to meeting HMRC rules and guidelines regarding temporary workplaces and fall within our expenses dispensation.
We check expenses to ensure they are legitimate under HMRC rules and guidelines and, where appropriate, will require receipts to be submitted.
Legitimate expenses may include the following:
- Travel to and from your temporary work place
- Subsistence whilst working away from home
- Accommodation whilst working away from home
A detailed expense policy will be issued when you join.