Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: JamesV6CDX on 04 August 2007, 23:55:31

Title: Expenses - Taxman?
Post by: JamesV6CDX on 04 August 2007, 23:55:31

Just wondering, I've just put in a claim for £611 worth of expenses at work, all relating to mileage and severn bridge tolls.

Apparently it will be paid via BACS in 1 week.

Will I get taxed / national insurance taken from this? If so, how badly?

Title: Re: Expenses - Taxman?
Post by: RonaldMcBurger on 05 August 2007, 00:07:06

No you won't. These are monies you have paid out of your after tax money, ie your own cash. Al you are getting is that cash replaved, these are not earnings and thus non taxable.

Title: Re: Expenses - Taxman?
Post by: JamesV6CDX on 05 August 2007, 00:08:59

Quote

No you won't. These are monies you have paid out of your after tax money, ie your own cash. Al you are getting is that cash replaved, these are not earnings and thus non taxable.

That's just cheered me up, I can get rid of my overdraft now ;D ;D