Contractor UK Bulletin Board - View Single Post - (another) First Timer looking for advice pls!

protobyte · 25th July 2008, 15:40

Please excuse the ignorance of this question because I am very new to contracting myself...

When Ravello says that expenses can be "recharged via the umbrella as expenses", does this mean that the money spent is repaid to you via the umbrella co?

Or does it simply mean that you won't have to pay tax on this expenditure?

I'm a little confused!

25th July 2008, 15:40	#7
protobyte Not worth listening to Join Date: Jul 2008 Posts: 1	Please excuse the ignorance of this question because I am very new to contracting myself... When Ravello says that expenses can be "recharged via the umbrella as expenses", does this mean that the money spent is repaid to you via the umbrella co? Or does it simply mean that you won't have to pay tax on this expenditure? I'm a little confused!