Hi folks, just a quick question on business purchases. Some shops / websites are cumbersome when attempting to pay from my business bank account. Is it possible (i.e. legit) for a director to pay for business purchases out of his personal bank account (via credit card etc.) and then refund him the cash from the company account? If so, can you also include these purchases in a VAT return?
Hi folks, just a quick question on business purchases. Some shops / websites are cumbersome when attempting to pay from my business bank account. Is it possible (i.e. legit) for a director to pay for business purchases out of his personal bank account (via credit card etc.) and then refund him the cash from the company account? If so, can you also include these purchases in a VAT return?