A client has asked for me for guidence in relation to the use of contactless payment cards and claiming business expenses when receipts are not available.
I must confess that I am not familiar with these cards. I assume that there must be some way of obtaining the 'detail' or a 'receipt' for each transation by accessing the relevant online account?
If not, what would HMRC expect to see by way of support for any expense claim?
Replies (4)
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It's no different to the use of a debit or credit card. It just allows you to purchase items without a pin up to the value of around £30.
Receipt
The client still needs to get a receipt explaining the expense. Contactless payment cards relate to how the transaction is paid for. Would the client ask how to get a receipt if they paid by cash?
The credit card machines that accept contactless payments give the operator the option of a receipt for the customer, they just need to ask.