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Previously on "An agency is asking for an invoice for the value of expenses my umbrella is claiming."

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  • lucyclarityumbrella
    replied
    Originally posted by ronkeen View Post
    My company/umbrella is claiming expenses from my agency, and they are wanting an Invoice for that. The receipts alone are not enough. I think this is wrong, as it means my company/umbrella will have to pay tax on that invoice. The agency is German, the umbrella is in Luxembourg.
    Not sure how it works in Luxembourg, but in the UK the umbrella will add the chargeable expenses to the invoice before submitting. In terms of personal tax, it depends on what the expenses is as to whether you are taxed on it or not

    Leave a comment:


  • Lance
    replied
    Originally posted by ronkeen View Post
    it means my company/umbrella will have to pay tax on that invoice
    why?

    It's an expense to the business. Expenses come from gross profit to make a net profit. You pay tax on net profit.

    Have you asked your accountant?

    Leave a comment:


  • TheCyclingProgrammer
    replied
    It’s completely normal to invoice for recharged expenses.

    Leave a comment:


  • An agency is asking for an invoice for the value of expenses my umbrella is claiming.

    My company/umbrella is claiming expenses from my agency, and they are wanting an Invoice for that. The receipts alone are not enough. I think this is wrong, as it means my company/umbrella will have to pay tax on that invoice. The agency is German, the umbrella is in Luxembourg.

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