Should my non taxable expenses reimbursed to me be included in my taxable pay ?

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Stuart.m

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Post by Stuart.m » Sat Jan 30, 2016 5:48 pm
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Should my non taxable expenses reimbursed to me each month be included in my taxable pay for iva calculations.
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lifenoteasy

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Post by lifenoteasy » Sat Jan 30, 2016 5:58 pm
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No - they represent reimbursement for activities that you have paid out for.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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relieved33

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Post by relieved33 » Sat Jan 30, 2016 6:56 pm
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No, but you shouldn't include the expenditure in your I&E either so it should net to zero.

I guess if it's something you claim for, e.g. business petrol, then yes as again it would net to zero.
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Adam Davies

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Post by Adam Davies » Sat Jan 30, 2016 7:05 pm
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Hi

As already advised your net pay should be after deducting any expenses [that you have paid out] that have been paid back to you

Regards
Andam Davies
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Lisa Thomas

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Post by Lisa Thomas » Mon Feb 01, 2016 10:58 am
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It will go in a circle anyway so won't have any effect.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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