r/Glasgow Tools

Title
AuthorGlasgowGunner
Comment
If the trip costs £100, they put that through as an expense. That reduces their profits and therefore don’t pay corporation tax on that amount. Corporation tax is 19% therefore they would save £19 by putting it through the books.

It’s not a 1 to 1 exercise. You don’t get the full amount just by charging it back as a taxable expense.
Reddit Linkhttps://www.reddit.com/r/glasgow/comments/qe2n44/glasgow_landlord_whose_tenants_had_to_put_20p_in/hhrkaup/
CreatedSat 23rd Oct 2021 7:08pm
Statusnormal ()

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