UK businesses and their employees spend billions of pounds annually on foreign business trips

Centtrip’s study found that nearly half (47%) of the UK’s medium-sized and large businesses ask employees to cover international expenses and claim the money later On average firms spend £106,000 on overseas expenses each year, potentially leaving employees out of pocket by as much as £1.7 billion until money is paid back Employees often do not claim back currency conversion costs, which at times are as high as 3%, and lose out on millions each year 18th December 2018 – UK businesse...

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