Travelling for work can be a time consuming and often expensive affair, especially when it’s a frequent part of our work routine. Many of us have roles which require us to travel from town to town and whether we choose to drive there ourselves, or take alternative transport, the costs soon add up.
We want to make sure that all our clientele receive the best returns that they can from their travels, and so we have compiled a short but sweet list on our top tax-deductible expenses that you can claim back when traveling for work. Keep in mind that these deductions can only be claimed if you are traveling to a temporary place of work and cannot be redeemed if your place of work is static.
Possibly the most important deduction is actual travel costs. When choosing to use public transport, rather than your own personal vehicle, you can claim tax back on the cost of your journey. Although this may not seem like much if you travel often and far for work this will soon add up. It can be the same with the cost of refreshments when you are away from home. Eating out often is expensive, so you will be happy to know that the cost of food and drink when working away from home is also a tax-deductible expense.
Accommodation and lodgings when working away can also become costly, especially when you are away often, so make sure that when claiming your tax back, these are also included. Your parking fees, toll fare and congestion charges are also tax deductible.
So, if you find that you travel a lot for work, get the most out of your tax returns and claim as and where you can. For more advice on travel expenses get in touch with us, we will be happy to help.