First Post.
Hi,
In this my second contract, I am charging my travel expenses to the client and adding VAT as appropriate on mileage and train tickets. These are being reimbursed to my ltd company by the client. Should I also be claiming these as expenses to myself (employee and director) from my ltd company ? Otherwise I see these expenses coming into the company as income on which a proportion will be subject to corporation tax.
thanks
Tony
Hi,
In this my second contract, I am charging my travel expenses to the client and adding VAT as appropriate on mileage and train tickets. These are being reimbursed to my ltd company by the client. Should I also be claiming these as expenses to myself (employee and director) from my ltd company ? Otherwise I see these expenses coming into the company as income on which a proportion will be subject to corporation tax.
thanks
Tony
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