How to calculate cost of commute to a single place of work?
Comments
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Just to clarify the tax situation, unless the work move is temporary, travel to and from a regular place of work (ie commuting) is not an allowable expense so there is no 45p mile HMRC "tax free" allowance.
Whatever amount the OP agrees with the employer to cover the additional travel costs counts as taxable income.0 -
Just to clarify the tax situation, unless the work move is temporary, travel to and from a regular place of work (ie commuting) is not an allowable expense so there is no 45p mile HMRC "tax free" allowance.
Whatever amount the OP agrees with the employer to cover the additional travel costs counts as taxable income.
The move is permanent but I suspect the travel compensation (if offered at all) will only be for a short period of time. I think in such a case it will just be like an expense claim and not taxable. Correct?Marriage is hard. Divorce is hard. Choose your hard.
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user1168934 wrote: »The move is permanent but I suspect the travel compensation (if offered at all) will only be for a short period of time. I think in such a case it will just be like an expense claim and not taxable. Correct?0
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It certainly isn't an expense claim, because it's not money you've spent in the course of business activity.
It's simply a little cash bonus to make the change of your personal commute a little easier.0
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