Expenses and disbursements
Expenses and disbursements – what’s the difference? As a contractor you may incur costs in the process of supplying services to your clients. Where the costs are relevant you can pass these on by including them in your invoice. If you are VAT registered it’s important to understand the difference between HMRC’s definition of ‘expenses’ […]
Staying away from home for contractors – travel and accommodation expenses
Travel and accommodation expenses Some contractors travel from home to their client’s workplace incurring UK or overseas travel and accommodation expenses in doing so. For contractors set up as a Limited Company and working outside IR35 many of these expenses will be tax deductable. What defines an allowable travel expense? Travel expense allowances are […]
The 24 month rule and how it affects contractor travel expenses
The 24 month rule and how it affects contractor travel expenses Contractors are allowed to claim travel expenses through their Limited Companies, if the travel is related to a ‘temporary workplace’, which for contractors will mean their clients’ workplace. The 24 month rule relates to the HMRC definition of a ‘temporary workplace’. If you are […]