For this VAT period you have expenses shown on your company credit card statement but no VAT invoices to back them up. If you don’t include them in the return you might be missing out on Input VAT.
So what should you do?
Published 18.01.2007
Does your business use self-employed staff/contractors? If it does, what happens to VAT on, say, their overnight expenses? Can the VATman argue you can’t reclaim the VAT on any expense they recharge
to you?
Published 25.09.2008
If you’re preparing for a VAT inspection you’ll want to be sure you have the right paperwork ready. This includes invoices to back up any VAT you’ve reclaimed, but can HMRC demand this back if you
don’t have them?
Published 31.05.2013
Recovering the VAT paid on most business expenses requires hard evidence and can be something of a chore. So what is the best method for calculating the Input VAT element when making mileage
payments?
Published 11.10.2007
The VATman has finally got around to changing the law on recovering VAT on employee mileage claims. How should you react to this?
Published 02.02.2006
Your bookkeeper is preparing your latest VAT return which includes expenses paid by your employees, some of which include VAT. How much of this can you reclaim and what supporting evidence must you
have?
Published 04.10.2022
Apart from paying salary to your workers it’s likely you’ll make other financial transactions with them, such as providing benefits-in-kind (BiKs) and reimbursing business expenses. But where do you
stand with the Taxman on these?
Published 18.10.2011
In December 2016 the Court of Appeal criticised HMRC for not allowing a claim for VAT because the business didn’t have the normal documents required. What precisely is needed if you want to
successfully reclaim VAT on purchases?
Published 02.02.2017
You often read about changes in policy in the VATman’s own literature. However, when you try to take advantage of them your local VAT office doesn’t have a clue what you’re on about. What’s going on?
Published 16.12.2004
A VAT expert recently reported that most businesses under-claim VAT each quarter, often by between 20% and 30% of the amount they are entitled to recover. If your company is one of these, how can you
fix the problem?
Published 18.03.2011