The 24 month rule for contractor travel and subsistence
The 24 month and 40% rules for claiming travel and subsistence expenses. How they apply to contractors, what you can claim for, and are you eligible?
If you incur expenses as a result of carrying out your contract work, you may be able to offset these costs against your company’s Corporation Tax bill – if you run a limited company.
If you’re an umbrella contractor, the scope to claim expenses has been greatly reduced over the last few years, particularly if your work is caught by IR35.
To get started, look at our complete list of limited company expenses.