Remuneration: Loss of Earnings and Expenses

Payments

• Committee members will be office holders, not employed by the RCVS. They will be entitled to a financial loss allowance based on the number of days or half / quarter days spent on College business.
• The limits for reimbursement of financial loss and travelling expenses are set by the RCVS Council and subject to review from time to time.

Loss of Earnings

• Committee members who are in full or part-time employment, those who are self- employed, or those who are not in any employment are eligible to claim loss of earnings of, currently, £366 per day.

Allowances

• Committee members are eligible to claim reimbursement of overnight subsistence of up to £220 per night and standard class (First Class only if an advance First-class ticket was less expensive than or equal to a standard class ticket. rail fare, economy air fare or motor mileage).
• There is no stationery/computer consumables allowance.
• Reading time allowance

Taxation

• For those in full or part-time employment, or those not in employment, the RCVS will deduct at tax at source as though the individual was on the RCVS payroll
• Those who are self-employed, and have a consultancy, would be paid in full on an invoice from the consultancy, on the assumption that they pay any tax due themselves