VAT recovery on travel expenses
I have been given two different answers to this?
An employee works for the company three days a week, due to the distance to travel from home it has been agreed that the company will pay for hotel accomodation for the time spent here.The accomodation expenses are grossed up and paid through payroll (employee is not out of pocket).
The accomodation is paid for on the company credit card.
Is the VAT element for the accomodation and breakfast recoverable by the company??
Any advice is appreciated.
An employee works for the company three days a week, due to the distance to travel from home it has been agreed that the company will pay for hotel accomodation for the time spent here.The accomodation expenses are grossed up and paid through payroll (employee is not out of pocket).
The accomodation is paid for on the company credit card.
Is the VAT element for the accomodation and breakfast recoverable by the company??
Any advice is appreciated.
0
Comments
-
Yes.0
-
Thankyou0
-
Along the lines of expenses.....
Company policy allows £5 to be claimed by an employee for a "meal". Anything over this is disallowed (so £5.20 for example is a no-no.
If VAT is included, and the policy not met, then I do not claim back the VAT.
Is it permissable to pro-rata what is being posted so that the VAT is recalculated on the allowable expense?
Thanks0 -
-
Ooooh no no no no no! That really is naughty!
Sorry, what I meant was say there is a receipt for £10 inc VAT, could I recalculate the VAT for the £5 we are paying our employee as an expense, so treat the receipt as £5 inc VAT?0 -
Ooooh no no no no no! That really is naughty!
Sorry, what I meant was say there is a receipt for £10 inc VAT, could I recalculate the VAT for the £5 we are paying our employee as an expense, so treat the receipt as £5 inc VAT?
Ah right I get you. Yes you can do that, thats how we'd treat it here.0 -
VAT on EU Purchases
Hi,
We buy electronic goods from EU and sell in the UK. As we are VAT Register Company the seller in EU does not charge us VAT.
My question is should we charge VAT on sales in the UK even we not been charged VAT on purchases from EU.0 -
Hi,
We buy electronic goods from EU and sell in the UK. As we are VAT Register Company the seller in EU does not charge us VAT.
My question is should we charge VAT on sales in the UK even we not been charged VAT on purchases from EU.
Hi
Yes you should charge VAT. The VAT treatment of sales is based on what you are selling/nature of the supply, where or from whom you bought it has no bearing.
Neil0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership