EIM31330 – Employees using own vehicles for work: mileage allowance relief (MAR): outline

Section 231 ITEPA 2003 EIM31205 provides an overview of the statutory scheme dealing with employees who carry out business travel in their own cars, vans, motor cycles or cycles. It covers payments to employees, and deductions to which employees are entitled. This page deals with the second of these. The deduction is called Mileage Allowance Relief (MAR) Entitlement to mileage allowance relief …

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EIM32055 – Travel expenses: travel for necessary attendance: definitions: ordinary commuting

Section 338(3) ITEPA 2003 No deduction is due under Section 338 ITEPA 2003 for the cost of ordinary commuting. For most employees, ordinary commuting is the journey they make most days between their home and their permanent workplace. However, for some employees the position is more complicated. The term “ordinary commuting” is defined by Section 338(3) ITEPA 2003 to mean travel between a permanent …

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Self Assessment – Expenses for Self Employed

This guide was produced in partnership with TaxAssist Accountants, the local tax and accounting service for the self-employed. With a wealth of experience among the 220 offices we have available across the UK, we can complete your tax return for you ensuring you claim as many tax savings as possible. For more information please visit http://www.taxassist.co.uk/our-services/tax-returns There are certain business expenses which can be used …

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Business Entertainment Expenses for Tax deduction- 2nd part

BIM45000 – Specific deductions: entertainment: introduction: contents S45 Income Tax (Trading and Other Income) Act 2005, S1298 Corporation Tax Act 2009 Overview With certain exceptions (as below illustrations), expenditure on business entertainment or gifts is not allowable as a deduction against profits, even if it is a genuine expense of the trade or business. The exception also applies to items that, while …

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Business Entertainment Expenses for Tax deduction – First part

Business Entertainment Expenses for Tax deduction – First part BIM45000 – Specific deductions: entertainment: introduction: contents S45 Income Tax (Trading and Other Income) Act 2005, S1298 Corporation Tax Act 2009 Overview With certain exceptions, expenditure on business entertainment or gifts is not allowable as a deduction against profits, even if it is a genuine expense of the trade or business. This includes …

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Tax Deductions for Travel and meals and accommodation

BIM47705 – Specific deductions – travel and subsistence: expenditure on meals and accommodation S57A Income Tax (Trading and Other Income) Act 2005 This guidance applies for Income Tax only. General rule The cost of food and drink consumed, and accommodation used, by a trader is not in general an expense incurred wholly and exclusively for the purposes of the trade, since everyone must …

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