Expenses charged to your clients – for VAT purposes, HMRC rules on disbursements

If you are reimbursed expenses from your client, the receipt is VAT applicable unless the expense meets the following rules from HMRC; ‘Before you treat a payment as a disbursement(no VAT applied), you’ll need to make sure all of the following apply: you paid the supplier on your customer’s behalf and acted as the agent of your […]

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Charity Donations

These payments must be made in the business name from the company bank account and must be to a registered charity.

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New Limited company – What next?

There are some key things you need to do once your new limited company is incorporated, here’s a checklist for you; Company stationery must show the full company registered name, registered office address, where incorporated and company registration number A Company bank account must be set up and all expenses and receipts processed through it If […]

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