Vat on stolen takings

Client called this morning to advise that her pub was broken into last week.

As it happens two days takings were stolen as well as the cash in the games machines.

The till receipts have also went missing and they can not provide evidence as to what the takings were for the two days, (they can of course make a best estimate).

Insurance policy is only paying out max £500 in total.

I have not came across this before, how should we account for the lost takings (if at all), in particular the vat element? 

 

 

Comments
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VAT is accountable

spidersong |

Been there & done it

cymraeg_draig |
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Thanks

blok |
blok's picture

Don't forget

davidwinch |
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@CD

WhichTyler |

.

blok |
blok's picture

I think CD may have been in a different situation

spidersong |

.

cymraeg_draig |
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.

blok |
blok's picture

Reporting (or not)

davidwinch |
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Come off it CD

Roland195 |

Come off it David

Roland195 |

Roland195

cymraeg_draig |
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@Roland195

davidwinch |
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Don't rail at David...

paulwakefield1 |

Eh?

Roland195 |

The legislation is bizarre . . .

davidwinch |
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I do take your point but...

Roland195 |

.

blok |
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A common misconception

davidwinch |
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Reporting to SOCA

Healthpay |

MPs

cymraeg_draig |
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Difficult one

Roland195 |

Cash received

Tony Nabarro |

Schrodinger's cat?

Jonathan Barry |

Difficulties on difficulties (and a serious point too)

Healthpay |

C_D

Constantly Confused |
Constantly Confused's picture

Straw poll

Roland195 |

.

blok |
blok's picture

.

blok |
blok's picture

Insurance

rayhelmke |

Vat on takings

jndavs |
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Not always

cymraeg_draig |
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.

blok |
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@Roland

davidwinch |
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I wouldnt bother reporting

cymraeg_draig |
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theft

The Black Knight |

ML regs are crazy but be sensible!

ChrisBurr |
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Sorry

jonbryce |

Swamping SOCA with reports

davidwinch |
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I'll name names

cymraeg_draig |
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Cash in hand (or luggage)!

davidwinch |
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Reply To David

Roland195 |

I agree with Roland

ChrisBurr |
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@Roland

davidwinch |
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Logical conclusion

cymraeg_draig |
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@ChrisBurr

davidwinch |
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@C_D

davidwinch |
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David

ChrisBurr |
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Thefts from M&S

davidwinch |
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