EIM20610 - The benefits code: deductions for
expenses payments received
Section 72(2) and (3) ITEPA 2003
A director or employee, except one in an excluded employment (
EIM20007), can obtain a deduction in
respect of any expenses payments received which satisfy the
conditions of the following (all references to ITEPA 2003):
- necessary expenses in Section 336 (
EIM31620 onwards)
- various travel expenses in Sections 337 to
342 (
EIM31800 onwards)
- professional fees and annual subscriptions
in Sections 343 and 344 (
EIM32880)
- employee liabilities and indemnity
insurance in Section 346 (
EIM30500)
- the expenses of ministers of religion in
Section 351 (
EIM60040) and
- earnings charged on remittance in Section
353 (
EIM40301 onwards).
See example
EIM20607.
