PBR08: No travel expenses tax hit for temps

HMRC keeps watching brief on travel expenses tax relief

Written by Kevin Reed

Workers operating within umbrella companies will still be able to claim tax relief on travel expenses after the government decided against a clamp down.

After consulting on the tax relief, it will leave current rules alone. However it will 'refocus' its efforts on the area to make sure of compliance, which if it does not improve will revisit at a later date.

Advertisement

Anne Redston, visiting professor at Kings College, said that changing the rules would have been a 'step too far' for the taxman.

'It would be too difficult to identify an umbrella company.'

Umbrella company strcutures were concerned that their staff would lose ability to claim back expenses against their tax bill.

Further reading:

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Cutting Pompey to the bone

Portsmouth administrator andrew andronikou has his work cut out saving...

Tell it like it is

Professional service firms have a responsibility to practice what they...

Profile: Eric Anstee

The former chief executive of the ICAEW has plenty to...

More finance jobs

Search thousands of finance jobs:

Find your next job

Hiring now on AccountancyAgeJobs.com:

Your next job

Related finance jobs

Search thousands of finance jobs:

Find your next job

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Newsletters

Have your say

Following the PBR, who do you think should reside in No. 11?
Alistair Darling
George Osborne
Vince Cable

Advertisement

White papers

How to make better financial decisions - Free FD Handbook

When reviewing your business and accounting software, this free two- part guide explains all you need to know.

The Future of the Financial Close: Automating Account Reconciliations and Review

Many firms have made account reconciliation automation the focus of their drive. This paper describes why.

More white papers

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.