Who owns the receipts?

[Colour Republic]

Well you live and learn, because I got told the other day, not to pay out any expenses without a copy of the reciept, because if the hmrc come in, they want to see the back up info...just saying....

Expenses are different Lynn. They are payments you have made on their behalf, in which case you give them the receipts and they reimburse you but you do not invoice them as well. They can not have both.

 

[andy8758]

Andy, I did not add the CC charge to my day rate because I do not want to be taxed on it (20% CIS). I do not charge the customer for petrol because it is a business expense. However, last year I worked in Somerset for one day. The contractor said he would pay my petrol. Strangely enough he is the same contractor that this thread is about.

Sean.

I can fully understand the desire to reduce CIS payments. It took me 18 months to recover the last lot of overpaid CIS. I know most people in trades add up their annual costs for the year before (including fuel, VEL, insurance, congestion charge and parking fines) and add it to their desired pay level to get a "day rate." It could be argued that working in an area which required additional charges to be handled, the day rate would increase accordingly. I charge a higher rate to work in Bath where free parking is almost non-existent (except some residents permit areas where tradesmen can receive free permit). But then I also don't tend to take on commercial work where I expect to get ripped off. (Apologies in advance to the few good contractors out there who pay their tilers on time in full).

All the best for your future sub-contracting.

Andy