Taxsaver for Wife

[joeryan]

Hi,
I have a limited company (IT Contractor).

From looking at other responses on here I cannot get a Tax Saver for myself.
So I expense the Leap Card costs.

My Wife will do some work for the company, so can I apply as an Employeer to Tax Saver and then get her a Tax Saver ticket?

 

[Conshine]

From looking at other responses on here I cannot get a Tax Saver for myself.

Why can you not do this? If its a legitimate expense to get you to and from your place of work, surely that is allowable.

 

[joeryan]

Thanks for replying Conshine.

I don't know ... I'm just going on what I read here:

http://www.askaboutmoney.com/showthread.php?t=84096&highlight=taxsaver

Now that I read it again... they say they are not 100% sure

so maybe I can get one each

I will have to call them and see if they know or maybe ask an accountant.

Thanks.

 

[T McGibney]

Good and all as this site is, I wouldn't rely exclusively on offhand or throwaway comments on any business tax issue. Especially on a thread more than 4 years old.

 

[joeryan]

Your right. That's good advice T McGibney

I spend €4.40/day on the Dart using a LEAP card.
If work an average of 22 days a month that's €96.80
A Monthly TaxSaver for the Dart is €122.00

Is it worth my while getting aTaxSaver ticket since I can expense the LEAP card costs?

Is the TaxSaver cheaper because of some tax reduction or something like that?

I don't understand the tax side of things.

Thanks.

 

[T McGibney]

You will first need to be fully sure that you can validly claim your travel costs as an expense for your company. If you're simply commuting to and from a fixed place of work, Revenue are likely to contend that you shouldn't claim these costs as an expense.

On the other hand, if you are travelling to and from a variety of locations away from a fixed place of work, you will be in a much stronger position to defend these claims, if they are challenged.

If your company is paying for your TaxSaver ticket, there may be a need for you to make an adjustment in your accounts to take personal (non-business) use into account.

 

[joeryan]

Thanks again T McGibney