Originally posted by THEPUMA
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That is a verry similar question to the one I asked my accountant.
His answer would be (Exp + VAT) + VAT, so in your example £138.06.
His reasoning being, you are not actually claiming the expense off them, you are adding £117.50 to your invoice to cover your costs, so VAT goes on top.
What would your advice be if I had asked you that question?
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