VAT Return - reimbursed expenses question

[Chester]

sorry if this has been asked before, i have a ltd co and currently am on a contract where all my expenses are being reimbursed - how do i go about these on the vat return - as i have paid them out but the monies come back to me a week later

Thanks

[Bluebird]

sorry if this has been asked before, i have a ltd co and currently am on a contract where all my expenses are being reimbursed - how do i go about these on the vat return - as i have paid them out but the monies come back to me a week later

Thanks

are you on the flat rate scheme or not ?

If not, then you need to work out how much VAT you have invoiced - then deduct the VAT you have paid - and whatever is left either pay to or recliam from VAT man - by the way your ACCOUNTANT should do this as the VAT man is not to be messed with.

[malvolio]

are you on the flat rate scheme or not ?

If not, then you need to work out how much VAT you have invoiced - then deduct the VAT you have paid - and whatever is left either pay to or recliam from VAT man - by the way your ACCOUNTANT should do this as the VAT man is not to be messed with.

Wrong, perhaps. If they're paying him directly and not his company, there is no VAT recoverable. If they are paying the company then there is input tax if the invoice adds VAT to them (like it should) and you treat it as normal; if it doesn't then VAT doesn't apply. You can't directly reclaim the VAT element "inside" a personal expense, only a company one.