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Contractor's Daily
Claiming Expenses - * Very important note to contractors *
Although receipts aren't needed for some claimable items, the HMRC stipulate that umbrella companies audit a selection each month. So, if your claim is selected for audit, you'll need to provide the necessary receipts to us otherwise we have to forward the details to HMRC for further investigation. So, it's always worth getting receipts. We advise our contractors to post them to us and we will keep a record against each business expense claimed. It's also worth noting that you (the contractor) are personally responsible for any underpayment of tax or NI resulting from an invalid claim.
Posted on: 31/01/2010 | Read moreSubsistence
We all have to eat and therefore, while working at a temporary location, you can claim any meal and drink costs that include:
* Up to £5 meal allowance when traveling to your place of work before 7am
* Plus up to £5 meal allowance when working over 5 hours (the maximum is £10)
* Or up to £15 meal allowance when working more than 10 hours (the maximum is £20)
This subsistence allowance is intended to reimburse you for the actual costs incurred during working hours. Plus additional overnight subsistence claims can be made, again with a receipt.
Travel by Rail or bus (including taxi and plane)? Mecruitment can help...
We understand that business mileage is a daily occurrence when working. Fare costs to and from your home and temporary place of work can be claimed where receipts are provided. For low cost flights, both original tickets and online receipts are acceptable.
If you have any further questions, please do not hesitate to contact Mecruitment.
Mecruitment Business Mileage
You may or not know but currently you can claim 40p per mile for the first 10,000 business miles you do in your car each year and then 25p per mile after that. This mileage includes travelling to and from temporary locations.
We request you receive valid VAT receipts for fuel and these must be sent to us with your claim each month. When you submit your claim online, a mileage claim sheet will be displayed. You just need to print this, attach your fuel receipts to it and then send it to the address on the website.
How it works!
When you have successfully been offered a contract, you will need an umbrella company to work out Tax, National Insurance, Business expenses etc - that's where we come in.
We will contact your agency and arrange all the paper work and allow you to focus on the new contract.
You simply register on Mecruitment and we will send you your login details in order for you to upload your timesheets and expenses. Did you know that if you recommend Mecruitment, we will give you £75 per recommendation.
We know there are many contractors out there who work together, so start recommending Mecruitment today and earn some more cash in your next payment.
