My company/umbrella is claiming expenses from my agency, and they are wanting an Invoice for that. The receipts alone are not enough. I think this is wrong, as it means my company/umbrella will have to pay tax on that invoice. The agency is German, the umbrella is in Luxembourg.
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An agency is asking for an invoice for the value of expenses my umbrella is claiming.
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Originally posted by ronkeen View Postit means my company/umbrella will have to pay tax on that invoice
It's an expense to the business. Expenses come from gross profit to make a net profit. You pay tax on net profit.
Have you asked your accountant?See You Next TuesdayComment
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Originally posted by ronkeen View PostMy company/umbrella is claiming expenses from my agency, and they are wanting an Invoice for that. The receipts alone are not enough. I think this is wrong, as it means my company/umbrella will have to pay tax on that invoice. The agency is German, the umbrella is in Luxembourg.Comment
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