To all contractors who need to buy themselves an Oxford Dictionary.
The word 'Expense.'
A 'cost' or 'charge' incurred for a good or service - an amounted expended to receive such goods or services.
'Expenses'
Reimbursement of such costs or charges paid out for an allowable good or service incurred in the course of business. This could be a like-for-like amont or a tax free allowance called a dispensation.
What it doesn't mean:
Reimbursement for 'costs' or 'charges' not expended in the first place. In other words, if there was no cost or charge there is no reimbursement of the same.
You need receipts to claim expenses and you need to have spent the money in the first place for which these reciepts demonstrate proof when asked.
The word 'Expense.'
A 'cost' or 'charge' incurred for a good or service - an amounted expended to receive such goods or services.
'Expenses'
Reimbursement of such costs or charges paid out for an allowable good or service incurred in the course of business. This could be a like-for-like amont or a tax free allowance called a dispensation.
What it doesn't mean:
Reimbursement for 'costs' or 'charges' not expended in the first place. In other words, if there was no cost or charge there is no reimbursement of the same.
You need receipts to claim expenses and you need to have spent the money in the first place for which these reciepts demonstrate proof when asked.

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