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The 2003 Local Government Act enabled registered CASCs to claim 80% mandatory rate relief on business rates providing CASCs "parity with charity" from April 2004. Local authorities can grant an additional 20% rate relief to clubs at their discretion. In 2004, the threshold for exemption from Corporation Tax on trading and rental income was ...
Accommodation and subsistence (meals) payments paid as fixed daily amounts are described as "scale rate expenses payments" by HM Revenue & Customs (HMRC). HMRC guidance does not use the term per diem, [1] but it is used by some organisations. [2]
An extra-statutory concession (or ESC) is a concept under United Kingdom tax law whereby HM Revenue and Customs grants certain concessions to taxpayers to mitigate their tax liabilities even though the relevant allowances would not strictly be allowed under the terms of the tax legislation.
Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1] These reimbursements often have tax and related implications, and vary depending on the country of the business.
A luncheon voucher was a paper ticket used by some employees in the United Kingdom to pay for meals in private restaurants. It allowed companies to subsidise midday meals for their employees without having to run their own canteens. The scheme dates to 1946, when food rationing was still in force following the end of the war. The British ...
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Our top picks for the best meal delivery services and kits, tested by nutritionists to help you get a balanced meal on the dinner table fast.
The scheme was announced as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 per person per month. The scheme covered the period 1 March 2020 until 30 September 2021, and had a total cost of £70 Billion. [2] The scheme initially ran for three months and was backdated to 1 March. [3]