EIM20603 | The benefits code: expenses payments chargeable by virtue of Section 70 ITEPA 2003

Sections 70(1) and 72(1) ITEPA 2003

The expenses payments made to directors and employees (except for 2015/16 and earlier those in an excluded employment (EIM20007)), which are chargeable by virtue of Sections 70(1) and 72(1) ITEPA 2003 include:

• payments made to the employee to meet particular expenses to be incurred

• the reimbursement of expenses met from the employee’s own pocket

• allowances related to specific expenses such as payments in excess of the approved mileage allowance payments calculated as a rate per mile (EIM31200)

• advance payments for expenses to be incurred.