At Parasol, we can provide help and advice as to what counts as a legitimate business expense plus there are daily food and drink allowances that you are entitled to. By claiming all the business expenses and allowances you are entitled to, you can maximise your income whilst staying fully HMRC compliant.
What am I entitled to claim for?
A contractor is eligible to claim for most expenses that they incur as a direct result of working on an assignment.
From food and drink to laptops and iPads, you are entitled to claim for several different types of costs. Read our guide to claiming expenses to view a full breakdown of what counts as a legitimate business expense.
What are daily allowances?
Daily allowances are set by HMRC and allow you to claim up to £25 a day without providing a receipt to Parasol. But don’t forget – there are no restrictions to the amount you can claim if you do provide a receipt.
The following table represents the maximum food and drink allowances that you can claim without sending us a receipt.
For more details about Food & Drink allowances click here.
How to claim expenses with Parasol
As a Parasol employee, claiming back legitimate business expenses is simple and straightforward.
- Enter details regarding your expenses through My Parasol, our intuitive online portal.
- Click ‘Submit’, then we will check and approve the claim, paying you on the next payroll.
My Parasol will prompt you if we need any additional information about your expenses or need to see your receipts.
Submitting your receipts with Parasol is quick and easy to do. Instead of posting copies of your receipts to us, you simply take a picture of them and upload the images to the My Parasol portal. You can even do this directly from your smartphone or tablet.
Why choose Parasol?
The Parasol expenses department have a clear, up-to-date understanding of HMRC regulations, so you can rest safe in the knowledge that you will always be legally compliant. We also make sure that all expenses are reimbursed correctly, so that the process remains hassle-free for all employees.
For further information on claiming expenses with Parasol, you can ring our team on 0800 458 0818.