Dispensations are granted by HMRC for expenses and benefits and remove the need for P11D’s and P9D’s.
The main expenses routinely covered by a dispensation are:
- travel, including subsistence costs associated with business travel
- fuel for company cars
- hire car costs
- telephones
- business entertainment expenses
- credit cards used for business
- fees and subscriptions
Provided you have someone checking expense claims and the claims arent excessive, you wont need receipts.
Its worth getting your dispensations now rather than applying in the new year as if you dont get them before April you will end up filling in P11D’s and P9D’s.
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