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Expenses Paid
Axel
Posts: 158 Forumite
in Cutting tax
Hi,
I am reimbursed out of pocket expenses by a company I do consultancy work for. For example rail fares, flights, parking costs, accommodation etc. I submit receipts along with my fee note and am reimbursed at the end of the month.
Am I correct that these expense do not need to be entered on my tax return as there is no profit or benefit from them.
Axel
I am reimbursed out of pocket expenses by a company I do consultancy work for. For example rail fares, flights, parking costs, accommodation etc. I submit receipts along with my fee note and am reimbursed at the end of the month.
Am I correct that these expense do not need to be entered on my tax return as there is no profit or benefit from them.
Axel
0
Comments
-
You would be correct and have described perfectly the situations where the payments are not taxable.There are 10 types of people in the world - those who understand binary and those who do not. :doh:0
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