Guide for Travel and subsistence expense

Posted by Vidit Agarwal
9
Oct 3, 2018
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What is a Travel and subsistence expense?

Travel and subsistence expenses describes the expenses an employee incurs during his business visits or official visits, which include expenses on travel, meals, hotels, sundry items like laundry and other similar expenses.

What is business travel?

According to HMRC business tour is a journey specifically taken for work purposes only and it doesn’t include daily commutes, leisure trips or vacation.

Why Business Travel is Still Important?

We are leaving an era where via mobile phone or video conferencing are ubiquitous, but some people question the need for business travel at all. But sitting in office and starting at a glowing screen is not a replacement, that's why business travel is as necessary and important as ever.

  • Closing a Deal or Signing New Business
  • Examples & samples
  • Networking
  • Leadership
  • Human Interaction
  • Check conditions
  • Location
  • Incentives


What can I claim for travel and subsistence?

If your job description either self-employed and limited company directors or employees; requires traveling from one place to another place, you are entitled to claim the expenses which you have incurred during travelling. HMRC has published its guidance on supervision, direction or control to claim tax relief for travel and subsistence expenses. An employee is eligible for full tax relief on business travel made. These could be such as:

  • Mileage Allowance
  • Temporary workplace
  • Permanent workplace
  • Traveling is part of your job.

If you have any queries regarding travel and subsistence expenses and how will affect you, please don’t hesitate to get in touch Chartered Accountants Milton Keynes.
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