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Recent content by philp
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VAT on espenses paid direct
So if I understand correctly I can claim reimbursement from my client for the £10 taxi fare supported by the receipt (please note I can't "simply tell" them anything - they expect receipts for everything) and because it is a reimbursement (not an invoice) there is no VAT to charge. Do I include...- philp
- Post #24
- Forum: Accounting / Legal
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VAT on espenses paid direct
Thanks - client is direct but it seems that costs incurred in the UK (i.e. travel) are still VATable - makes sense I guess.- philp
- Post #21
- Forum: Accounting / Legal
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VAT on espenses paid direct
Obviously you've never been to India!! They have a complicated state sales tax regime different in each of the 27 states and last I heard they were due to rationalise this with a country level VAT from April 1, 2005. Appreciate the sentiment - next time suggest Bermuda - where there is also...- philp
- Post #20
- Forum: Accounting / Legal
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VAT on espenses paid direct
Thank you all for the great replies. I will run it by my accountant but two things seem clear: 1. I don't want to make a profit from my client on my disbursements even if its legal 2. Any transaction where there is 38% VAT when no value has been added is wrong I notice solicitors don't charge...- philp
- Post #17
- Forum: Accounting / Legal
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VAT on espenses paid direct
Double VAT Double VAT Please could Taxman (or anyone) clarify your post about what seems to be double VAT. If, as a VAT registered contractor, I take a taxi (which is VAT registered) to a client site (who may or may not be VAT registered) and say the taxi fare is £10 (i.e. £8.51 + £1.49 VAT)...- philp
- Post #12
- Forum: Accounting / Legal
