VAT & Disbursements - Unlocking the Confusion
This subject is a constant source of confusion for professional firms, and errors can lead to penalties.
This webinar is aimed at finance and accounts personnel in law and accountancy firms and highlights all the key rules when dealing with VAT on disbursements, from both the purchase and the billing side.
What You Will Learn
This webinar will cover the following:
- What is meant by the term ‘disbursement’ for VAT purposes - i.e. when VAT should not be added to recharged costs and the conditions attached
- Items agreed with HMRC
- VAT on costs that cannot be classified as ‘disbursements’ for VAT purposes, and what the invoice should show (including supplies to non-UK clients)
- Relevant VAT case law
This webinar was recorded on 16th April 2021
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