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Reimbursive Travel Allowance
Posted 13 July 2014
I have received a reimbursive travel allowance however my company has not split it on my IRP5-its been put together will other allowances under tax code: 3713. what are the implications of this-is my tax being calculated correctly as I'm worried now that I can claim the "8000" non taxable deduction correctly.
Would my company have to issue me with a new IRP5 to reflect the amounts correctly?
TaxTimsays: 14 July 2014 at 9:52
Yes, they must reissue you with a new IRP5 as the source code used is wrong as it should either be 3702 or 3703 or both and yes it will affect your tax free portion.