when to claim expenses

**SueEllen** · 13 December 2009, 22:17

Why haven't you invoiced your agency?

What are you going to do if your agency goes bust?

**RichardCranium** · 13 December 2009, 22:58

Don't forget you personally can put in a claim for expenses from your LtdCo and then not take the money out.

However,

for giving your agency three months of 0% credit. You are providing a better service for the national economy than the banks are. And when the agency goes bust because they won't get a week or two's worth of margin at the end of the year, the other contractors that have been paid will be very grateful to you, I am sure.

Get. The. Invoice. In.

**Gonzo** · 13 December 2009, 23:18

I can't see any reason not to put your expense claim through the books even if you don't pay yourself the money yet. You can credit the Directors' Loan Account with the money if you don't want to pay it out (assuming you are a Director) or just leave yourself as an outstanding creditor.

By not putting them through the books you, or rather your company, will end up paying VAT that could be reclaimed (assuming that there is a VAT element to the expenses and you are not on the flat rate VAT scheme).

It is swings and roundabouts I know because the VAT can be reclaimed later but your company's cash position is one of your primary responsibilities.

**simes** · 14 December 2009, 14:16

While the initial question may on some fronts sound interesting, by far the more interesting aspect for me is why the bl--dy invoices havn't gone in yet.

Put me out of my misery will you, and tell me what the thinking is behind that.

Me; last day of the month and the invoice(s) go in, and the expenses come out.

when to claim expenses