Expense Policy

Introduction

Generally speaking, expenditure by employees only attracts tax relief if it is incurred in the performance of their employment and the employees are required by their employer to incur the expense. As a rule of thumb, the Revenue & Customs will review an individual’s contract of employment in order to determine whether the test of “necessity” has been met. For this reason great care has been taken in preparing our employee’s contracts of employment to ensure maximum tax deductibility of expenses. However, it is essential that the working practices reflect the wording in the contract, i.e., the contract has to be an accurate representation of the facts.

Allowable expenses may be claimed in one of two ways;

1. Through your weekly or monthly payroll.

2. Through your tax return.