Expenses, VAT, and compliance in a nutshell: A comprehensive guide

There are always two sides to compliance, and employee expenses are no different. There’s internal compliance with your policy, which ensures money is being spent wisely and you’re on the right side of your industry’s regulatory requirements. There’s also external compliance with HMRC regulations. Get this wrong and there are steep fines to contend with. And the spotlight is on compliance for both businesses and government at the moment.

In this document we’ll discuss how to:
• Manage internal compliance so you can maximise policy
compliance and cost-effective employee spend
• Manage external compliance so you stay on the right side of
HMRC but also maximise the opportunities to reclaim VAT.

There are significant changes to the way businesses are required to provide tax information to authorities, which means they are under increased pressure to modernise operations – and fast.