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?
- Accounting Web - What is happening? 1,816 43
- Do you use commercial software for Self Assessment tax returns? 431 16
- Time to ditch Sage? 290 5
- Losses carry forward to self employed 62 1
- Fees 326 3
- Agent Authorisation Issue 253 3
- HMRC Post 540 7
- Transactions with directors 454 3
- CT600 - Credit balance in expenses? 292 9
- Non VAT invoices 217 4
- Travel is part allowable if combined with personal holiday 215 2
- Client in dispute with Customer over cancellation charge 1,399 32
- Correcting earlier year CT600s 261 5
- ACCA Special Business Resolutions... 232 2
- Form 17 Download 167 1
- Claiming VAT on car lease 566 28
- Small hotel - food for personal use 386 4
- HMRC Information notice 1,000 24
- Recommendations for online payroll software 287 3
- Accountant Specialization. 405 5
- Chart of account segments; Balance sheet vs P&L 765
- Any knowledge of salesorder.com 415
- Could and would anyone here carry out a hot file review of some non statutory audit work please? 366
- Electric Car 302
- S222 Charge 245
- Corporation tax penalties and fines on the CT600 212
- IP trans to holding company 196
- Software to Deal with Amazon and Ebay Sales 185
- AIA 181
- Best way to convert Sage data to VT Transaction+ 180