De-criminalised Parking Tax Implications
Discussion
It appears that the de-criminalisation of parking and the ruling by an appeal court judge that it's civil matter of debt and not a fine has had an unexpected impact for the Inland Revenue.
Thus far, parking penalties have not been allowed as business expenses by the Revenue as fines for breaking the law are not allowable. However, since the appeal court have ruled that parking penalties are not 'fines (to avoid them being invalidated by the Bill of Rights), but are civil debts incurred for breaking the implied contract with the parking authorities, such 'charges' are now, apparently, fully allowable as business expenses.
Funny old world really.
For more info see: http://neilherron.blogspot.com/
Thus far, parking penalties have not been allowed as business expenses by the Revenue as fines for breaking the law are not allowable. However, since the appeal court have ruled that parking penalties are not 'fines (to avoid them being invalidated by the Bill of Rights), but are civil debts incurred for breaking the implied contract with the parking authorities, such 'charges' are now, apparently, fully allowable as business expenses.
Funny old world really.
For more info see: http://neilherron.blogspot.com/
No more worries about parking for business, then! 
cooperman said:
It appears that the de-criminalisation of parking and the ruling by an appeal court judge that it's civil matter of debt and not a fine has had an unexpected impact for the Inland Revenue.
Thus far, parking penalties have not been allowed as business expenses by the Revenue as fines for breaking the law are not allowable. However, since the appeal court have ruled that parking penalties are not 'fines (to avoid them being invalidated by the Bill of Rights), but are civil debts incurred for breaking the implied contract with the parking authorities, such 'charges' are now, apparently, fully allowable as business expenses.
Funny old world really.
For more info see: http://neilherron.blogspot.com/
Thus far, parking penalties have not been allowed as business expenses by the Revenue as fines for breaking the law are not allowable. However, since the appeal court have ruled that parking penalties are not 'fines (to avoid them being invalidated by the Bill of Rights), but are civil debts incurred for breaking the implied contract with the parking authorities, such 'charges' are now, apparently, fully allowable as business expenses.
Funny old world really.
For more info see: http://neilherron.blogspot.com/
Good point Peter,
and conversely let's hope that the Revenue will be chasing all the parking authorities for tax on their collosal profits.
One might guess that this will 'incentivize' (nasty American word) them to ensure the private parking companies pay the appropriate Corporation Tax.
Some service-provision companies (photo-copier companies, for example) get thousands of parking tickets every year and either pay them, or make their employees pay them. Now they can go on the expenses as wholly allowable it's great. I know I'll be doing it! It'll cost the revenue millions in lost tax as it will represent 30% loss on each ticket issued to a company or an employee on business.
Some service-provision companies (photo-copier companies, for example) get thousands of parking tickets every year and either pay them, or make their employees pay them. Now they can go on the expenses as wholly allowable it's great. I know I'll be doing it! It'll cost the revenue millions in lost tax as it will represent 30% loss on each ticket issued to a company or an employee on business.
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