If you are inside of IR35 travel expenses can also be claimed (depending on the circumstances of the contract). It is advisable to hold onto your receipts because although your accountant will not need to see them, the Revenue, if they choose to investigate, can go back as far as six years. Basically a record of travel will provide supporting evidence if required at a later stage. When claiming travel expenses it is advisable that you keep a note of the dates, reason, locations mileage, type of transport etc. It is important to keep receipts for your travel expenses or a record of any journeys. A mileage allowance can also be claimed for travel by motorcycle and bicycle at rates of 24p per mile and 20p per mile respectively. The cost of travel by public transport can be claimed but you must have a valid receipt. You can also claim for parking and the congestion charges but you may not claim for parking fines or speeding fines. If you are travelling to work as a passenger in a car you are entitled to claim 5p per mile. This allowance is to cover fuel and running costs of the vehicle. Mileage rates are 45p per mile for the first 10,000 miles in any fiscal year and then 25p per mile thereafter. This means you can claim various valid expenses, writes Chris Deakin, Operations Manager for Intouch Accounting.įor travel expenses you can claim the cost of travel to and from your contracted place of work. HMRC rules state that expenses can be claimed provided they are wholly and exclusively for the purposes of your business. If you are a contractor working through your own limited company and are outside IR35 then life is very simple.
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