This tag is associated with 2 posts

Recharging Expenses and VAT

Recharging expenses occurs when you ‘recharge’ your expenses to your customer eg travel fare or hotel bills.Note that recharges are not disbursements. If you are VAT-registered, there are VAT consequences to be aware of when processing recharges. Using three expenses: You were charged £100 + £20 VAT (for perhaps hotel accommodation); You were charged £30 … Continue reading

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

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