tax and subsistance

[vitoboy]

hi peeps
ive been self employed for a year now,just completed my first year books ect
what i want to know is how much can i clam for subsistance,how far from home do i need to be,ive been told its 20 quid a day if im working more than 15 miles away but i cant seem to find and info.
any help would be grand.
ta.

 

[cornburn]

I thought it went on how many hours you were away from home, not how far away you were. Either 10 or 12 hours was the upper limit to get the max, but I thought the max was £10, which would be put against your profit and save you about £3 a day

 

[vitoboy]

Thanks cornburn
any idea where to find this info????????

 

[JUD]

Subsistence Travel Expenses Tax Allowances and Car Mileage Rates

 

[cornburn]

Thanks cornburn
any idea where to find this info????????

My accountant, find a good one and let him sort it

 

[baza]

The distance that you can claim subsistance allowance is quite vague, I live in Cardiff and my accountant said I could claim for anything over the bridge. The amount is down to the reciepts for food, accomodation etc you collect, so get a reciept for everything

 

[topquark]

If you are vat registered: HM Revenue & Customs: Travel and subsistence: when you can reclaim VAT