articles/Business/selfemployedtax-page1

Self employed Tax explained - Travel expenses to the 2012 Convention - part 1 of 1 2

Published 01/12/2011

Are you travelling to The Societies Convention in January? If the answer is yes, you might want to know what you can claim back in the form of travelling expenses.

Tax law is clear. If you are self employed you can claim for any travel expense as long as they are incurred "wholly and exclusively" for business purposes. In reality it means that if you have incurred costs that you can attribute to your business, with no personal benefit, you can claim them.

Usually when we say this, the response is "OK. But what can I claim?" Understandably - people want facts. Although it's impossible to offer a definitive answer, it is possible to give some general guidance:


Travel

General travel to the event should be allowed - it's irrelevant how you get there or what it costs. This is because of the rule "wholly and exclusively". There is nothing about it being necessary, or about it being the cheapest option. So whether you travel by car, train, bus, tube, train or a combination of these you can offset the costs against you tax.

Accommodation

So you have arrived at the Convention, what next? You may need to stay overnight and probably eat.

The basic rules are that the cost of meals taken away from the normal place of business is not generally tax deductible, as everyone must eat.


You are currently on page 1
1st Published 01/12/2011
last update 09/12/2022 14:58:49

More Business Articles



There are 24 days to get ready for The Society of Photographers Convention and Trade Show at The Novotel London West, Hammersmith ...
which starts on Wednesday 15th January 2025

Dec 11335Professional Image Maker

Fast and intuitive, PortraitPro intelligently enhances every aspect of a portrait for beautiful results.

Update cookies preferences