What happens to my expenses when I submit them........?
21 October 2004, 09:02 PM
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What happens to my expenses when I submit them........?
My company sent me abroad to work recently (for 3 months). I have been submitting and gettin paid expenses for hotel, car, meals, etc..... (no loose women b4 u ask...!).
What happens once I submit then. OK I get paid, but does some pore chap have to go through each receipt looking and linking VAT numbers so that they can claim the VAT back, or do they just claim it anyway.......?! and pass the spot check audit.
I have >100 receipts ever 2 weeks, so its pretty damn hard for me to balance the books.......! How does our accounts dept do this, if 50 people are doing the same?!
Cheers,
Matt.
What happens once I submit then. OK I get paid, but does some pore chap have to go through each receipt looking and linking VAT numbers so that they can claim the VAT back, or do they just claim it anyway.......?! and pass the spot check audit.
I have >100 receipts ever 2 weeks, so its pretty damn hard for me to balance the books.......! How does our accounts dept do this, if 50 people are doing the same?!
Cheers,
Matt.
21 October 2004, 10:27 PM
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Hello
When I submit my expenses the nasty horrible people in accounts go through each line item, check the receipt against that item and then claim back for VAT. And hopefully pay me as well, after complaining that I spend too much money on, well, absolutely everything according to them.
To be fair (if I have to), it takes a long time to check everyones expenses, and we are externally audited to make sure that procedures are followed.
Steve.
When I submit my expenses the nasty horrible people in accounts go through each line item, check the receipt against that item and then claim back for VAT. And hopefully pay me as well, after complaining that I spend too much money on, well, absolutely everything according to them.
To be fair (if I have to), it takes a long time to check everyones expenses, and we are externally audited to make sure that procedures are followed.
Steve.
21 October 2004, 10:46 PM
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I'm one of the poor people that has to check them 
yes, we have to go through each receipt & ensure there is a VAT number on the receipt, otherwise you can not claim the VAT back.
the type of expense & amount also has to be recorded for P11D (taxable benfits) purposes - although most peoples expenses are not a taxable benefit.
yes, we have to go through each receipt & ensure there is a VAT number on the receipt, otherwise you can not claim the VAT back.
the type of expense & amount also has to be recorded for P11D (taxable benfits) purposes - although most peoples expenses are not a taxable benefit.
21 October 2004, 10:48 PM
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some sad accountant goes through it line by line to check your receipts, vat numbers etc etc. If they don't they can claim vat etc anyway, but if they get an audit by the revenoo or the V man and there is a penny missing it all goes pear shaped. That is why accountants can't have a personality as well 
21 October 2004, 11:19 PM
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Ah, I now know why they are miserable f*cker$ in our accounts dept........!
So, if a receipt deoesnt have a VAT number, what do they do?? Claim or not claim the VAT back???
& who ties up the VAT number on the receipt to a company to make sure its legit........!
It must be an endless, impossible task......!
So, if a receipt deoesnt have a VAT number, what do they do?? Claim or not claim the VAT back???
& who ties up the VAT number on the receipt to a company to make sure its legit........!
It must be an endless, impossible task......!
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