About Expenses with our umbrella company solution
Getting back what you've paid out is important but keeping within the law is equally important.
HMRC guidelines are very clear in defining which business expenses may be claimed.
A business expense is a cost that you have incurred ‘wholly, necessarily and exclusively' in order to perform your duties.
OrangeGenie has to comply with the law in approving and processing business expense claims and we endeavour to verify all claims in accordance with HMRC tax guidance and tax rulings.
There are two types of expenses:
- General Business Expenses
- Chargeable Expenses
General Business Expenses
These expenses are offset against your tax liability - deducted from income before calculating your tax and national insurance contributions.
The categories of expenses that can be claimed are limited in nature. This is because only expenses considered by HMRC to be allowable and not likely to give rise to any future tax and national insurance contributions are claimable.
The types of expenses you can claim are:
The categories of expenses that can be claimed are limited in nature. This is because only expenses considered by HMRC to be allowable and not likely to give rise to any future tax and national insurance contributions are claimable.
The types of expenses you can claim are:
- business mileage or public transport allowance
- subsistence (Food & Drink)
- accommodation
- professional subscriptions
- protective clothing
- telephone calls
- general company expenses
- eye tests
- training and tuition
Chargeable Expenses
Chargeable Expenses are expenses your agency or end client has agreed to reimburse to you as you have incurred the cost on their behalf. Chargeable Expenses are normally agreed upon prior to the business expense being incurred.
Chargeable Expenses are invoiced by OrangeGenie to the agency/client and will be included in your salary.
Chargeable Expenses are invoiced by OrangeGenie to the agency/client and will be included in your salary.