Dear ATO Community, as per TD 2024/3 paragraph 4, can you confirm if an employee is paid travel allowance reasonable amount set by ATO commissioner after the employer and the employee agrees to this reasonable amount for travel and if the full reasonable travel (Food, drink and accomodation) allowance amount paid to the employee is spent, then should the employee declare this allowance as per section 6-5(1) as income and deduct the full allowance as per sec 8-1(1) positive limb as per ITAA 1997. Also should these spend amount be substantiated as per section 900-12(3) ITAA 1997 with receipts and invoices. Should these still be reflected on tax return even though it's not declared on the PAYG yearly payment summary. Para 10 TD 2024/3 the employee don't need to submit any receipts as an exeception. Please confirm this.
If the employee only spends less than the reasonable amount set by TD 2024/3 should the employee declare this allowance as per 6-5(1) as income and deduct the actual amount incurred as per sec 8-1(1) positive limb as per ITAA 1997. Received 500 and spend 300 (Should this be substantiated as per 900-12(3).Should these still be reflected on tax return even though it's not declared on the PAYG yearly payment summary.
If the employee spends more than the reasonable amount set by TD 2024/3 should the employee declare this allowance as per 6-5(1) as income and deduct the actual amount incurred as per sec 8-1(1) positive limb as per ITAA 1997. Received 300 and spend 500 (Should this be substantiated as per 900-12(3).Should these still be reflected on tax return even though it's not declared on the PAYG yearly payment summary.
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