Travel Season Tickets

Season tickets are permitted to be purchased through your limited company. However, it is not tax-efficient to do so because they constitute a benefit in kind (BIK), meaning that P11Ds will need to be completed.

This results in tax charges for both the company and the individual personally, as well as increased accountancy fees for the extra work required.

It is more tax efficient to travel PAYG using a company card, retaining the tax relief whilst eliminating any additional taxes or compliance charges.

Written by Vegan Accountants

The expert team at Vegan Accountants take away the hassle and pressure of your accounts and tax compliance. Our wide-ranging services give us the flexibility to deliver tailored support for your business.

January 5, 2022

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