Allowable deductions including travel expenses

In this lesson

1. 0:00 Allowable deductions from employment income
2. 0:16 The core test for deductibility
3. 0:35 Common allowable expenses explained
4. 1:00 Travel expenses and commuting rules
5. 1:40 Temporary workplace relief conditions
6. 2:00 Statutory approved mileage rates
7. 2:28 Excess and shortfall reimbursement treatment
8. 3:07 Worked example: Ciara's mileage calculation
9. 3:59 Worked example: Arwyn's taxable benefit
10. 4:36 Worked example: Robin's mixed mileage scenario

About this lesson

This lesson covers the core principle that expenses must be wholly, exclusively, and necessarily incurred for employment purposes, then walks through specific allowable deductions including professional subscriptions, pension contributions, and work-related travel. You'll master the HMRC approved mileage rates (£0.45 per mile for the first 10,000 miles, £0.25 thereafter) and how to handle situations where employers reimburse above or below these rates, creating either taxable benefits or allowable deductions. Through worked examples involving temporary workplaces and commuting rules, you'll develop the practical skills needed to apply these rules accurately in your TX or ATX studies and exam scenarios.

Duration: 6m