Originally posted by expat
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
(Re-)imbursing expenses early
Collapse
X
-
Not clear if you want to do this because you actually need the money or another reason. The company can loan you up to £5k without complications (assuming you are able to pay it back!). I'd just pay a round sum now, and pay the expenses/salary in arrears when you return from holiday, and then pay back the loan. I know the loan is already offset but to me it just seems simpler to treat it separately and deal with the expenses as normal. -
I don't need the money now. I'm reluctant in principle to leave it in the Co bank account until next year, so I'll expense monthly as usual. Since I'm going off on holiday at the end of the week, I thought I'd clear some stuff out of the way first. Just trying to make life easy, you know? So why did I come here?
2 good suggestions, thanks (apart from Just Do It, nobody will get on your case for it): make the bank payment for a later date; or just leave a couple of days until next month. It's only my anal attitude that wants to do it by calendar month!Comment
-
Note also that It was proposed in the 2013 budget to extend the £5,000 limit to £10,000 in 2014/15.Originally posted by Contreras View PostNot clear if you want to do this because you actually need the money or another reason. The company can loan you up to £5k without complications (assuming you are able to pay it back!). I'd just pay a round sum now, and pay the expenses/salary in arrears when you return from holiday, and then pay back the loan. I know the loan is already offset but to me it just seems simpler to treat it separately and deal with the expenses as normal.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Six things coming to contractors in 2026: a year of change, caution and (maybe) opportunity Today 06:24
- Umbrella companies, beware JSL tunnel vision now that the Employment Rights Act is law Yesterday 06:11
- 26 predictions for UK IT contracting in 2026 Jan 5 07:17
- How salary sacrifice pension changes will hit contractors Dec 24 07:48
- All the big IR35/employment status cases of 2025: ranked Dec 23 08:55
- Why IT contractors are (understandably) fed up with recruitment agencies Dec 22 13:57
- Contractors, don’t fall foul of HMRC’s expenses rules this Christmas party season Dec 19 09:55
- A delay to the employment status consultation isn’t why an IR35 fix looks further out of reach Dec 18 08:22
- How asking a tech jobs agency basic questions got one IT contractor withdrawn Dec 17 07:21
- Are Home Office immigration policies sacrificing IT contractors for ‘cheap labour’? Dec 16 07:48

Comment