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| Myth 4:
I can claim for meals, without receipts, for being out of the house more than a certain amount of hours per day.
Fact:
If you are making a valid business journey then you can claim the full cost of any meals taken whilst on the journey or at the temporary work location.
The exception to this is where some umbrella companies have dispensation agreements with the Revenue where the amount allowed for meals (or accomodation) is fixed, and there are strict rules in what circumstances contractors can claim the cost of meals (eg. whilst travelling before 8am).
With iBalance, you can claim the full cost of all meals including the full amount of any VAT.
According to Professional Contractors' Group "Guide to Freelancing" they note that:
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.... you cannot artificially inflate those expenses according to dispensation limits.
"
This would mean that if your umbrella company had a dispensation for say, £11 for lunch and you only spend £2.50, you cannot claim the £11.
Contractors should send in receipts for all expenses claimed, to provide evidence to the Revenue (except in the case of mileage allowance and personal incidentals)
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