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Sole Trader Equipment Rental Query

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  • 07-11-2015 11:47am
    #1
    pm1977x
    Registered Users Posts: 1,213 ✭✭✭


    Hi all,

    Meant to check this yesterday with my accountant but if anyone on here can clear up my confusion it would be much appreciated.

    As a soletrader I rented equipment for a job (first time I've needed to do this) I paid for this in full but now want to charge this cost on to the person who hired me.

    Do I invoice them separately for this equipment or just build it on to my normal fee?

    If I invoice them separately for equipment then how do I handle my invoice from the rental company, does it just become cost and VAT neutral? ie. I can't count the cost or VAT as I've charged someone else for it?

    I'm (clearly) really bad at getting my ahead around this stuff :confused:


Comments

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    #2
    adrianw
    Registered Users Posts: 236 ✭✭adrianw


    Include it on your invoice as a disbursement / expense and charge VAT. As mentioned it will be VAT neutral for you.


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    #3
    pm1977x
    Registered Users Posts: 1,213 ✭✭✭pm1977x


    Thanks for the reply, that's more or less what I did in the end


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