In every organisation, claimants sometimes make errors in their claims, whether intentional fraud or accidental error. Employee expense fraud in UK In the UK, 10% of employees admit to making inaccurate expense claims “all the time”. Whilst a further, 20%
MyExpenses’ receipt validation service takes your expense approval process to another level. The receipt validation process takes place after the appropriate managers have approved claims, but before sending to the finance team. Our dedicated receipt validation team review the receipts attached
We are all aware of the importance of CO2 emissions but most of us have no idea where to start. The brand new CarbonCalc feature within MyExpenses instantly empowers you to make positive changes in your business and most importantly, begin
The easiest way to measure the carbon emissions of all your business travel. … Read More
P11D forms report expenses and benefits given to employees and directors through the tax year If your organisation paid any benefits or expenses (which are not exempt), you need to file a P11D(b). You will also need to send HMRC
We are firm believers in simplifying processes (particularly expense management) with software tools. Constantly looking for ways to save our customers precious time. A fully functioning expense management system has the potential to save an abundance of time in the
Temporary reduced VAT rates for certain supplies relating to hospitality, hotel and holiday accommodation, and admission to certain attractions are set to end, reverting back to 20% from 1st April 2022. In the wake of the 2020 Coronavirus pandemic, a
Every 3 months, HMRC review the advisory fuel rates. They apply to employees using a company car if: These are “fuel only” rates, and if you use them, you have certainty that you are claiming no more than the true
For employees who regularly travel and incur sizeable business expenses, the expectation to use their own funds to cover the cost can not only potentially cause them personal cashflow problems, but also mean they are reluctant to travel, missing key
What are the tax rules for employee entertainment? … Read More
