![]() However, once you have worked at this temporary workplace for 24 months, or from the moment you are aware that the assignment will last 24 months or more, you must stop reclaiming travel expenses to that workplace. as an IT contractor), you may well travel to a ‘temporary workplace’ for a period of time. If you are providing professional services (e.g. However, you cannot claim for the cost of parking tickets of fines. Limited company employees can claim for the cost of parking near the workplace, if applicable. You can claim for the cost of parking your vehicle, congestion charges, and tolls. You can read the fine print (in EIM31240) on the HMRC site here. These allowances are intended to cover all fuel and running costs.įor motor vehicles, company employees can claim back 45p per mile for the first 10,000 miles and 25p per mile thereafter.įor motorbikes, there is a flat rate of 24p per mile, and for bicycles 20p per mile.Įven if you are a passenger in a vehicle, travelling for business purposes, you can claim for 5p/mile. If you use your own vehicle for business purposes, you can claim back a fixed mileage cost under the AMAPs legislation (Section 230(2) ITEPA 2003). You should ensure that you keep a record of all the journeys you make, together with receipts. Paying for travel costs through your limited companyĪll types of travel can be legitimately paid for by your limited company – including taxis, air travel, trains and buses. Most of these costs can be paid by or claimed back from, your company.Īs ever, you can only claim back the cost of travel if it has been incurred during the course of your business activities, and you cannot claim for home to work travel. You are bound to incur a variety of travel-related costs as a limited company owner.
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