For information on transport vouchers generally see EIM16060. For details regarding the tax treatment of travel cards see EIM16065.

Example 1

An employee is required to make a business journey from his workplace to visit a client and return to his workplace. The employee purchases a return train ticket at a cost of £10. Subsequently the employee submits a claim for expenses and is reimbursed £10 by his employer. The £10 is an expenses payment taxable under Section 70 ITEPA (EIM21600) but as the employee is entitled to a deduction under Section 362 (EIM16170) for £10, no charge arises to tax or NICs.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.