Countdown for Finance Bill

Countdown for Finance Bill

Countdown for Finance Bill

Two days to go until we find out the details of what is in store for travel and subsistence. Last month the chancellor’s Autumn Statement had very little to say about the restrictions on tax relief for travel and subsistence expenses for umbrella workers and personal service companies.

Earlier on this year the government had confirmed that it was going ahead with changes preventing certain workers that are paid via an intermediary or a personal service company, from obtaining tax relief on the costs of their travel to work; including the cost of meals or accommodation related to that travel.

The wait will finally be over when the bill is published on Wednesday 9th December, we will hopefully then receive the full details of the test that will be used to decide on someone’s employment status for tax purposes, and therefore whether they are able to claim tax relief on their expenses.

Find out more about what Chancellor George Osborne discussed in his Spending Review and Autumn Statement 2015.