Can I claim taxi fares to work as a Director ltd company

Grace007

Can I claim taxi fares as expenses to work as a Director ltd company.    Its £45.00 per day x 5 days as there is no train at 05.30 am.

Grumpy_chap

Grace007 said:

Can I claim taxi fares as expenses to work as a Director ltd company.    Its £45.00 per day x 5 days as there is no train at 05.30 am.

Is this journey your normal commute?

marcia_

Grace007 said:

Can I claim taxi fares as expenses to work as a Director ltd company.    Its £45.00 per day x 5 days as there is no train at 05.30 am.

 Claim from who? 

boingy

I don't know about claiming the expenses but have you considered leasing a company car? It would probably cost less than half of that monthly taxi bill.

DullGreyGuy

Grace007 said:

Can I claim taxi fares as expenses to work as a Director ltd company.    It's £45.00 per day x 5 days as there is no train at 05.30 am.

Sounds like your normal commute in which case you can but it will be an employee benefit and you'll pay personal taxes on it so you may as well just increase your salary £225 a week

Grace007

boingy said:

I don't know about claiming the expenses but have you considered leasing a company car? It would probably cost less than half of that monthly taxi bill.

Medical condition unable to drive 

pjs493

If it’s your normal commute it won’t be tax deductible, but there’s nothing stopping you from claiming it as an expense. 

DullGreyGuy

pjs493 said:

If it’s your normal commute it won’t be tax deductible, but there’s nothing stopping you from claiming it as an expense. 

What do you mean @pjs493? 

It would be tax deductible from the corporation tax but will be BIK and so will attract personal tax. Its no different to a company offering Private Medical Insurance for its employees or any other benefit.