Any views on Subsistence- food expenses?

petwencal

The accountant who recommended that lunches shouldn't be claimed for shouldn't be ignored, and the advise to stay in a plush hotel and have a slap meal is ill-advised.


"As a general rule, the cost of staying away on business is a tax-deductible expense. The key thing to remember is that claims for expenses whilst staying away must be reasonable (i.e. meals, drinks, accommodation costs). The Revenue also provides a modest allowance for “incidental overnight expenses” of £10 for overseas stays, and £5 per night for stays within the UK.
However, you couldn’t claim for lunch while out of the office just for the day, as you’d have paid for this personally if you were working at your usual location. Neither would taking a potential client out to lunch be tax-deductible. You might show it in the business accounts as a cost, but it would be disallowed for tax purposes."

http://www.bytestart.co.uk/content/taxlegal/9_6/business-expenses.shtml

Murphy_The_Cat

petwencal wrote: »

The accountant who recommended that lunches shouldn't be claimed for shouldn't be ignored, and the advise to stay in a plush hotel and have a slap meal is ill-advised.
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But a rather nice hotel, with a good meal is completely acceptable.
You can of course claim for a lunch (& breakfast ) if your business trip included an overnight stay :beer:.

A quick footnote for people. If you are a Mr & Mrs and you coown a Company AND have children, it is a very good idea to make sure that there is no mention of "childrens meals", "childrens room" or childrens drinks etc etc on any reciept or bill taht you get, as HMRC are likely to interpret that there was in fact some "personal" use as well as business use.

stphnstevey

petwencal wrote: »

The accountant who recommended that lunches shouldn't be claimed for shouldn't be ignored, and the advise to stay in a plush hotel and have a slap meal is ill-advised.


"As a general rule, the cost of staying away on business is a tax-deductible expense. The key thing to remember is that claims for expenses whilst staying away must be reasonable (i.e. meals, drinks, accommodation costs). The Revenue also provides a modest allowance for “incidental overnight expenses” of £10 for overseas stays, and £5 per night for stays within the UK.
However, you couldn’t claim for lunch while out of the office just for the day, as you’d have paid for this personally if you were working at your usual location. Neither would taking a potential client out to lunch be tax-deductible. You might show it in the business accounts as a cost, but it would be disallowed for tax purposes."

http://www.bytestart.co.uk/content/taxlegal/9_6/business-expenses.shtml

You can claim for lunches off-site

The website link you quote is out of date - it still says about possibility of business rates if you claim for home working