I have a question regarding non claimable VAT.
I have posted entertainment invoices during the year with VAT on them. I have been told that i cannot claim the VAT back on after posting.
I have not claimed the VAT back on the returns.
How do i adjust this on my ledgers. Do i have to post the vat element as a cost to the p/l against the original invoice and correct it on the VAT on the balance sheet?
Hope you can help