Looks like I'll be using a lot of taxis when I get back to work. The docs have told me I probably won't be using my arm for 2 or 3 months.
My company doesn't (generally) allow taxi fares to be claimed as expenses on the basis that people who need to travel will use a hire car, a company car or their own car paid for with the cash alternative.
If I take the cash alternative I am taxed on it. But if I then make a business trip (not a commute) by taxi, can I claim some (or all) of that expense back on my next tax return?
Any tax gurus out there?
I'm not worried about additional travel cost while injured as that'll go on any insurance claim.
I'm using the opportunity of my knackered arm to explore the possibility of getting rid of the car altogether. As I am going to be a 100% non driver for a while it would be a shame to revert once I get repaired.
Looks like I'll be using a lot of taxis when I get back to work. The docs have told me I probably won't be using my arm for 2 or 3 months.
My company doesn't (generally) allow taxi fares to be claimed as expenses on the basis that people who need to travel will use a hire car, a company car or their own car paid for with the cash alternative.
If I take the cash alternative I am taxed on it. But if I then make a business trip (not a commute) by taxi, can I claim some (or all) of that expense back on my next tax return?
7.1 An employee may claim a deduction for tax purposes from remuneration for the cost of journeys he or she has to make in the performance of the duties of the employment, or to a workplace he or she has to attend to carry out the duties of the employment, but not if the journey is ordinary commuting or private travel.
The employee may also claim a deduction for any other expenses which are incurred wholly, exclusively and necessarily in the performance of the duties of the employment.
Looks like I'll be using a lot of taxis when I get back to work. The docs have told me I probably won't be using my arm for 2 or 3 months.
My company doesn't (generally) allow taxi fares to be claimed as expenses on the basis that people who need to travel will use a hire car, a company car or their own car paid for with the cash alternative.
If I take the cash alternative I am taxed on it. But if I then make a business trip (not a commute) by taxi, can I claim some (or all) of that expense back on my next tax return?
Any tax gurus out there?
I'm not worried about additional travel cost while injured as that'll go on any insurance claim.
I'm using the opportunity of my knackered arm to explore the possibility of getting rid of the car altogether. As I am going to be a 100% non driver for a while it would be a shame to revert once I get repaired.
My company doesn't (generally) allow taxi fares to be claimed as expenses on the basis that people who need to travel will use a hire car, a company car or their own car paid for with the cash alternative.
Are they not making an exception in the case of your temporary disability?
Quoted message said:
If I take the cash alternative I am taxed on it. But if I then make a business trip (not a commute) by taxi, can I claim some (or all) of that expense back on my next tax return?
Yes, in my experience. But you might want talk to the tax inspector to find out which box to put it in, because although the tax form looks clear I managed to get it wrong last year and ended up being taxed on my expenses reimbursements.
Years ago I knew a guy who was banned for DUI. He hired a local teenager to drive him around for a year - he managed to claim it back off his tax!
