| 1. |
Each year, the Tax Office revises the amounts they consider reasonable in relation to claims for:
a. Overtime meal allowances
b. Domestic travel allowances
c. Travel allowance expenses for employee truck drivers
d. Overseas travel allowance expenses
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| 2. |
Expense claims made in relation to such allowances receive concessional substantiation treatment.
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| 3. |
Where the claim for such expenses is less than the reasonable amount prescribed, substantiation of the claim is generally not required.
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| 4. |
Overtime meal allowance claims up to an amount of $24.95 per meal are considered reasonable for the 2010 financial year where the meal allowance is paid under an industrial agreement.
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| 5. |
The reasonable amount of a domestic or overseas travel allowance expense claim is dependent on the destination and employees annual salary.
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| 6. |
Employee truck drivers who receive a travel allowance and sleep away from home can claim $82.05 or $89.50 per day depending on their annual salary.
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| 7. |
You can obtain more information in relation to reasonable allowances for the 2010 financial year by reviewing the ATO Tax Determination 2009/15, available here. |