The Simple Answer Is That If You Are Selling a Standard Rated Product or Service and You Incurred Expenses Doing That – Then You Must Charge Vat on the Expenses That You Are Charging to Your Client. If You Incurred a Cost on Behalf of Your Client, That You Need to Pass over to Them – Then Is a Disbursement.
Should Vat Be Charged on Disbursements?
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7 min read
★ Key Takeaways
The Simple Answer Is That If You Are Selling a Standard Rated Product or Service and You Incurred Expenses Doing That – Then You Must Charge Vat on the Expenses That You Are Charging to Your Client. If You Incurred a Cost on Behalf of Your Client, That You Need to Pass over to Them – Then Is a Disbursement.
Direct Answer • Key Takeaway