HMRC has published an updated list of worldwide subsistence rates for expenses payments that can be made to employees travelling abroad, without deduction of tax.
The list provides benchmark rates when paying accommodation and subsistence expenses; for example for lunch in Rome. These amounts can be paid without the requirement for the employee to produce receipts and do not have to be recorded on forms P11D.
Note that these tax free rates are in addition to the incidental overnight expenses of up to £10 that can be paid to employees who are abroad overnight.
The above is to simplify administration for employers but they will need to ensure that they have their own systems in place to manage and control this type of expenditure.
For further information/advice on this topic please visit www.wardwilliams.co.uk
The list provides benchmark rates when paying accommodation and subsistence expenses; for example for lunch in Rome. These amounts can be paid without the requirement for the employee to produce receipts and do not have to be recorded on forms P11D.
Note that these tax free rates are in addition to the incidental overnight expenses of up to £10 that can be paid to employees who are abroad overnight.
The above is to simplify administration for employers but they will need to ensure that they have their own systems in place to manage and control this type of expenditure.
For further information/advice on this topic please visit www.wardwilliams.co.uk
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