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Reasonable travel and overtime meal allowances

ABA Tech Talk

Are you abreast of the reasonable travel and overtime meal allowance expense amounts for the 2018-19 income year?

The Commissioner issues a Determination each year which sets out the amounts that are considered reasonable for the substantiation exception in the Income Tax Assessment Act 1997 (ITAA 1997).

TD 2018/11 applies to the 2018-19 income year in relation to claims made by employees for:

(a) overtime meal expenses - for food and drink when working overtime

(b) domestic travel expenses - for accommodation, food and drink, and incidentals when travelling away from home overnight for work (particular reasonable amounts are given for employee truck drivers, office holders covered by the Remuneration Tribunal and Federal Members of Parliament)

(c) overseas travel expenses - for food and drink, and incidentals when travelling overseas for work.

Learn more: https://www.ato.gov.au/law/view/view.htm…

For the treatment of this and other allowances, see BKB edition 67: https://www.austbook.net/membersbkb

Category
ABA
Published
28 May 2019
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