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
Mobile phone packages that include “free calls” isn’t a problem for the Taxman. However, the VATman is a bit more pedantic. What can be done?
Published 30.03.2006
You’ve heard from a colleague that he’s just had the decorators in. According to him, the Taxman will be footing the bill, as it’s being paid for by his company. How is this possible?
Published 13.04.2006
When you first started out you travelled a great deal meeting potential customers. You treated your travel and subsistence costs as VAT-inclusive and duly claimed back input VAT via your return. Was
this right though?
Published 22.12.2005
Giving your employees benefits-in-kind (BiK) can be a tax-efficient way of rewarding them, but it still costs money. You can reduce this by reclaiming the VAT you paid in providing the BiK, but what
are the consequences?
Published 16.09.2010
When it comes to claiming the VAT on a three-piece suite the VATman will discriminate against you if you are a small company. How can you make sure you get the same generous treatment as large
companies?
Published 27.01.2005
In January, the rules on employee benefits-in-kind changed and can now mean VAT is payable in situations where it didn’t apply before. But is this extra cost to your business a tax-deductible
expense?
Published 14.05.2012
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
A ground-breaking decision by the EU Advocate General might lead to the Taxman having to rethink his rules on entertaining expenses. Currently, you’re not allowed to reclaim VAT on these; how might
this change?
Published 12.04.2010
Businesses can’t reclaim VAT on entertaining expenses, but there are circumstances where this rule doesn’t apply. And a recent case in the European Court of Justice (ECJ) has created a further
opportunity. When can you make a claim?
Published 23.04.2009