This month’s Update revisits that hardy VAT perennial: disbursements. These crop up as a tricky little question with surprising regularity and yet they (inadvertently) cross a number of quite complex, and uncertain, legal areas.
This Update will cover:
- How to identify a disbursement, using HMRC’s eight indicators
- The evidence you will need to retain to be sure of applying the treatment
- What you should do if the payment cannot qualify as a disbursement
Source Ciaran McGee
