VAT

Charging VAT on Expenses – Disbursements and Recharges

For VAT purposes, Disbursements and Recharges are two ways of treating costs incurred on behalf of customers. DISBURSEMENTS Goods or services paid for on behalf of a customer but RECEIVED AND USED BY THE CUSTOMER can be treated as disbursements for VAT purposes. This essentially means that your role is limited to that of an … Continue reading →