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Expenses

One of the major benefits of using an Umbrella Company is the ability to claim Contract related expenses. The HMRC dictates that all expenses claimed must be ‘wholly and exclusively incurred in the performance of the duties of the employment’. Expenses help to increase your take home pay by reducing the amount of tax that you pay. In its simplest form, if you are paid £200 a day and you work 5 days, your invoice total is £1000. If you claim £200 in expenses, you are taxed on (£1000-£200) £800 rather than £1000.
Expenses that are most commonly claimed are travel (from your home to your contract location) and subsistence (food purchased while away from your home). Other expenses may be able to be claimed, but you should get in touch to find out.
We have compiled a list of the questions we get asked most frequently on expenses. If there are any questions that we have not answered, or you need further information, please get in touch;

One of the major benefits of using an Umbrella Company is the ability to claim Contract related expenses.

The HMRC dictates that all expenses claimed must be wholly and exclusively incurred in the performance of the duties of the employment’.

Expenses help to increase your take home pay by giving you a tax rebate at the end of the tax year from HMRC.

Tax relief is available for any expense where you have incurred a cost while working on your contract.  Simply enter the expense claim on our portal, we will validate it for tax relief at the end of the tax year.

Examples of the most common expense include business to business travel, and any meals and accommodation associated with the journey.