Tax

Employee Truck Drivers – Receipts requirements explained

Reasonable amounts for domestic travel expenses for employee truck drivers 6 23. Reasonable amounts are given for meals (breakfast, lunch and dinner). The amounts are for all domestic travel destinations (that is, capital cities, regional and country centres). For the 2017-18 income year, the relevant amounts are as set out in Table 5a: Table 5a: Employee…

Cents per Kilometre claims in ATO sights

Client impact statement: Cents per kilometre claims in ATO’s sights Under the current rules of substantiation, the maximum distance that a taxpayer can claim without receipts for car expenses is 5,000 kilometres per year. Under this amount, a taxpayer may claim a deduction under ITAA 1997 Div 28 by the cents per kilometre method. The…