My client has just issued an invoice with a large amount of disbursments and expenses.
The rise in the VAT rate at the beginning of 2011 will add millions to the amount businesses lose through badly documented mileage claims, according to GlobalExpense.
We are a small limited company and have some expenses paid for the business out of my personal account such as Google Adwords, and some other small expenses.
A new GlobalExpense report reveals that UK businesses lost £1.3bn over fraudulent and out of policy expense claims during 2010.
There often seems endless debate on whether a particular expense is allowable or not. For example, is a training course updating current knowledge or gaining new knowledge.
Former Labour MP Jim Devine has been found guilty of making false expenses claims worth £8,385 for printing and cleaning work at his London flat.
Hoping someone can clarify something for me...