Claiming Expenses
Business expenses can be re-imbursed to the director as long as they have being wholly and necessarily incurred as business expenses in accordance with Revenue Guidelines.
So what is included?
VAT will also be refundable in relation to any VAT invoices that are allowed by the revenue.
Please note that expense claims must be submitted by month end for processing with your payslip in relation to that period, Icon Accounting will always follow revenue guidelines and will inform the client if they feel that expenses are not justifiable.
Business expenses can be re-imbursed to the director as long as they have being wholly and necessarily incurred as business expenses in accordance with Revenue Guidelines.So what is included?
- Travel & Subsistence - mileage in accordance with the civil service rates can be claimed. However, the travel must not be related to travelling from your home to your principal place of work.
- Training & Education - you can claim for any expenditure incurred for furthering your education as long as it is related to your principal employment, e.g. purchase of training manuals.
- Hardware - You can be re-imbursed for laptops, computers & ancillary equipment purchased at start up.
- Repairs of business equipment.
- Other travel expenses relating to your employment, e.g. travel abroad for work, claim back flight & accommodation costs.
- Professional fees.
- Telephone, Broadband & Mobile phone.
- Subscriptions & Memberships to professional or educational organisations.
- Printing, Postage & Stationary - you can claim a proportion of home office expenses.
VAT will also be refundable in relation to any VAT invoices that are allowed by the revenue.
Please note that expense claims must be submitted by month end for processing with your payslip in relation to that period, Icon Accounting will always follow revenue guidelines and will inform the client if they feel that expenses are not justifiable.