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He's right as long as he doesn't get a medium-depth investigation where they look at his expenses and his invoices. Doesn't he put fees and expenses as separate line items?
he'll not get caught since the IR are not going to know that he's already been paid out for these expenses.
He's right as long as he doesn't get a medium-depth investigation where they look at his expenses and his invoices. Doesn't he put fees and expenses as separate line items?
I've just been speaking to another contractor regarding expenses. When I go somewhere for the client company I claim expenses off them and submit them through their expenses system - like the other contractors here do. This guy does the same and then runs the reciepts through his own company - his argument being that he'll not get caught since the IR are not going to know that he's already been paid out for these expenses.
Is this a common thing and a trick I've been missing?
If it's a common trick then it's one followed only by the unethical and terminally stupid. With any luck he'll be banged up for tax evasion as it's clearly premeditated fraud.
I've just been speaking to another contractor regarding expenses. When I go somewhere for the client company I claim expenses off them and submit them through their expenses system - like the other contractors here do. This guy does the same and then runs the reciepts through his own company - his argument being that he'll not get caught since the IR are not going to know that he's already been paid out for these expenses.
Is this a common thing and a trick I've been missing?
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