recharging

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 →