EIM20603 – The benefits code: expenses
payments chargeable by virtue of Section 70 ITEPA 2003
Sections 70(1) and 72(1) ITEPA 2003
The expenses payments made to directors and employees, except
those in an excluded employment (
EIM20007), which are chargeable by
virtue of Sections 70(1) and 72(1) ITEPA 2003 include:
- payments made to the employee to meet
particular expenses to be incurred
- the reimbursement of expenses met from the
employee's own pocket
- allowances related to specific expenses
such as payments in excess of the approved mileage allowance
payments calculated as a rate per mile (
EIM31200)
- advance payments for expenses to be
incurred.
