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What about Expenses which are reimbursed for employees? Isn’t there something similar for self employed?
I’m a self employed tradesman, and the company I’m subcontracting to has offered to pay the car parking and clear air charges for the job I’m working on..
But the company are taxing me on both and pointing me to the cis340 3.11
Surely this can’t be right? I’ve already used money I’ve been taxed on to pay the car parking in the first instance, then I’m going to get taxed on the reimbursement. It wouldn’t be so bad. But all this extra money added to my gross payments has pushed me into the higher tax bracket. So I’ll be tax at 40% and then national insurance will also be effected. It just doesn’t make any sense
Is there something the company should be doing so this reimbursement does not get included in the gross payment
Any help would be appreciated