COVID-19: Business As Normal. Help & Advice  error

Rated 91% on Reviews.co.uk  starstarstarstarstar

22 Years Of Experience  account_balance

IR35 Advice & Insurance By Qdos  verified_user

Contracting Awards 2019 Finalist  school

close

How To Use Our Expenses App

Submitting Milage Expenses

Log in to the App using your QAccounting client portal credentials

Click ‘Create New Claim’ or edit an existing claim and enter claim description (e.g. Morning Commute)

Select claim type (In this case, ‘Mileage’)

If mileage is selected, mileage claim screen will be displayed where you can enter the dates of your journey as well as number of miles

 

Select vehicle category (Car, Bike, Van)

Select the allowance of your mileage claim

Motorbike / Bicycle –allowance updates automatically as 24p (Motorbike) & 20p (Bicycle)

Car & Van – select Allowance 45p or 25p

Note: First 10000 business miles in tax year can be claimed at 45p per mile, each business mile over 10000 miles in tax year to be claimed at 25p per mile

Mileage expense monetary value will automatically calculate as per the selected allowance

Finalise start and end dates, from & to locations & any applicable notes

Once you have inputted the details of your journey, you can add this to your expense claim

Choose to submit or save your claim

Submit your claim if you have no further expenses to add

Save your claim if you want to add/remove expenses & submit the final claim at a later date

Submitting Businesses Expenses

Log in to the App using your QAccounting client portal credentials

Click ‘Create New Claim’ or edit an existing claim and enter claim description (e.g. Hotel Cost)

Select claim type (In this case, ‘Expense’)

If selecting Expense new expense screen will be displayed where you can enter Net amount of the expense and select the VAT category

Attach a photo of receipt directly via the app

Please note in accordance with HMRC rules you must retain receipts for any expenses claimed for a period of 6 years

Enter the date of expense and the expense category (e.g. Subsistence, Accommodation etc.) as well as confirming if the expense was paid for via your business bank account

Add your expense to your claim

If all weekly/monthly expenses have been entered, simply submit your claim

You can save your claim if you want to add/remove expenses & submit the final claim at a later date

What Are Expenses?

As a limited company contractor, you will be able to claim expenses for any costs that you incur as a direct result of your business.  These are limited company expenses and common examples of these are travel (mileage/public transport costs), sustenance (lunch, food or drink) and accommodation (hotels etc.) expenses.

As a QAccounting client, your Client Manager will be able to advise as to what you can and can’t claim back as a business expense.

90,000 Contractors Trust QAccounting.
Join Them.

Our team of expert contractor accountants will update you with our latest offers, industry news and information relevant to you. We’ve helped over 90,000 contractors, let us help you too!

Any information you supply is protected. For more information please read our Privacy Policy.