Lucy1234

Hi, thank you.
What about NI class 1A?

Hi,
My director’s loan exceeded £10,000 in the previous tax year, necessitating the submission of a P11D and the payment of Benefit in Kind tax.
Can the payment of this liability from the company’s account be treated as an allowable expense?

Situation: Directors/employees of a company are during a business travel. During this business travel they are allowed to buy a meal with their corporate card and company would claim this meal as allowable expense. Directors/employees sometimes meet for such a meal during business travel with company's business partners to discuss a mutual business. Directors/employees would pay for both themselves and business partners in such case. The company would like to claim allowable expense for such a meal for directors/employees in terms of subsistence as they are on a business trip. The company would treat a payment for business partners meal as a non tax deductible expense. A restaurant would provide only 1 invoice for all. Question: If there was 1 employee and 1 business partner: a) would it be sufficient to split the invoice in half, and half of it treat as allowable expense and half of it as non tax deductible expense for simplification? b) or simplification used in a) is impossible and the company should always count the price of food consumed by an employee and a part of food consumed by a business partner separately?

Thank you, but I need some more details. I want to know exactly what is the threshold for the amount paid for meal to be resonable.

When I am on a multi-day business trip to another city in the UK as a director of LTD company, I need to buy food. If I want to include meal recepits in my expenses, what criteria shoud I follow to determine whether the meal cost is reasonable?