28 Jun 12 Reasonable travel and overtime meal allowance expense amounts for 2012-13 - TD 2012/17
On 27 June 2012, the ATO issued Taxation Determination TD 2012/17 entitled "Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2012-13 income year?"
It was not previously released in draft form.
This Determination sets out the amounts that the Commissioner considers are reasonable ( reasonable amounts ) for the substantiation exception in Subdivision 900-B of ITAA 1997 for the 2012-13 income year in relation to claims made for:
- overtime meal allowance expenses - for food and drink in connection with overtime worked and where a meal allowance has been paid under an industrial instrument;
- domestic travel allowance expenses - accommodation, food and drink, and incidentals that are covered by the allowance;
- travel allowance expenses for employee truck drivers - food, drink and incidentals that are covered by the allowance; and
- overseas travel allowance expenses - food, drink and incidentals that are covered by the allowance.