{"id":10592,"date":"2014-10-13T11:24:14","date_gmt":"2014-10-13T11:24:14","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2014\/10\/13\/tax-free-expenses-for-employees\/"},"modified":"2014-10-13T11:24:14","modified_gmt":"2014-10-13T11:24:14","slug":"tax-free-expenses-for-employees","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2014\/10\/13\/tax-free-expenses-for-employees\/","title":{"rendered":"Tax Free Expenses for Employees"},"content":{"rendered":"<div id=\"content\">\n<h3>By Raza Samar<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"467\" vspace=\"10\" hspace=\"3\" height=\"184\" border=\"1\" align=\"middle\" src=\"http:\/\/www.theasiantoday.com\/Image\/ArticleImages\/taxfreeexpenses-467x184.jpg\" alt=\"\"\/><\/p>\n<p>When an employee travels for business purposes, their employer can pay them tax and NI-free travel allowances at HMRC\u2019s pre-set flat rates. These were introduced in 2008 to help reduce the red-tape and administrative work involved in declaring travel expenses reimbursed on P11D\u2019s and self assessments.<\/p>\n<p>&#13;<\/p>\n<p><\/p>\n<p>&#13;<\/p>\n<p>The benchmark subsistence rates are:<\/p>\n<p>&#13;<\/p>\n<ul>\n<li>&#13;\n<p>\u00a35 for breakfast if the business \tjourney starts before 6am<\/p>\n<p>&#13;\n    <\/li>\n<p>&#13;<\/p>\n<li>&#13;\n<p>\u00a35 if the employee spends more \tthan give hours away and buys one meal<\/p>\n<p>&#13;\n    <\/li>\n<p>&#13;<\/p>\n<li>&#13;\n<p>\u00a310 if the employee is out for \tmore than ten hours and they buy two meals<\/p>\n<p>&#13;\n    <\/li>\n<p>&#13;<\/p>\n<li>&#13;\n<p>\u00a315 if they are out beyond 8pm \tand buy an evening meal<\/p>\n<p>&#13;\n    <\/li>\n<p>&#13;\n<\/ul>\n<p><\/p>\n<p>&#13;<\/p>\n<p>The maximum payment an employer can make per day is \u00a325 and these rates have not been increased since they were introduced six years ago despite inflation running at around 3% per year.<\/p>\n<p>&#13;<\/p>\n<p>An employer can also reimburse an employees\u2019 mileage if they use their own vehicle for business travel. HMRC\u2019s rates for mileage are 45p per mile for the first 10,000 miles, and 25p per mile thereafter.<\/p>\n<p>&#13;<\/p>\n<p>Professional fees and subscriptions can also be reimbursed tax and NI-free if the employee has registered, obtained a licence or become a member of a professional organisation and HMRC have approved the organisation they are a member of.  <\/p>\n<p>&#13;\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Raza Samar When an employee travels for business purposes, their employer can pay them tax and NI-free travel allowances at HMRC\u2019s pre-set flat rates. These were introduced in 2008 to help reduce the red-tape and administrative work involved in declaring travel expenses reimbursed on P11D\u2019s and self assessments. &#13; &#13; The benchmark subsistence rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-10592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/10592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=10592"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/10592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=10592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=10592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=10592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}