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The ATO has reinstated a popular meals expense after consultation with tax and industry professionals who opposed its initial removal.
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Win for clients in ATO expenses backflip
30 October 2017
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Late last week, the tax office confirmed it has reinstated the meal-by-meal approach for truck drivers who claim travel expenses for meals.
The meal amounts have been published in a revised Taxation Determination, and you can read more on the ATO’s official guidance here.
According to a statement, the “reasonable amounts” are $24.25 for breakfast, $27.65 for lunch and $47.70 for dinner. Taxpayers and professionals should note the amount for each meal must remain separate.
Consultation will continue for 2018/19 and later years, with a view to establishing a daily rate, and simplify record-keeping requirements for drivers.
“The ATO will also ensure that any truck driver who has been using, or wishes to continue using the published previous daily amount of $55.30, could continue to do so and would not be disadvantaged,” the statement said.
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