Dispensations
We promise not to lure you into working with us on the premise that you will obtain huge tax benefits from dispensations agreements we have obtained from the Inland Revenue. In truth, these dispensations are not a guarantee of tax free income, although they are often promoted in this way. Many contractors are now feeling the weight of an Inland Revenue Tax Investigation, as expenses are questioned.
Where appropriate we will obtain dispensation agreements for you
A dispensation is a notice, issued by an Inspector, which relieves you from reporting details of expenses and benefits on forms P11D or P9D.
A dispensation does not guarantee that these expenses are free from tax.
The company can ask for a dispensation for expenses payments that would attract a full tax deduction in the hands of the employee. Examples include payments to meet the cost of business travel, or reimbursements of business costs initially paid by you.
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