One of the Directors has bought items for the Company but in his name at his own address. I'm happy to allow the purchase itself but presume VAT disallowed?
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I'd claim it.
But if it was disallowed at a VAT visit, I'd probably not contest it very far.
Educating your director might be a plan for the future.
At a previous firm, I acted for a tv personality who got angry with me for not reclaiming the VAT on his airplane tickets to see his Brazilian boyfriend.
At a previous firm, I acted for a tv personality who got angry with me for not reclaiming the VAT on his airplane tickets to see his Brazilian boyfriend.
Now that is impressive.
Was he able to produce a tax invoice ?
Was he able to produce a tax invoice ?
He was the sort who could produce anything you wanted.
Invoice for flights showing VAT? No problem.
Email from HMRC agreeing that 75% of all makeup and hair costs are deducting for income tax? No problem.
Signed confession from Elvis that he killed JKF? No problem.
NB I was only provided with 2 of the above, but am sure I’d’ve had the 3rd if requested.
Claim the VAT
Genuine expense
And I would look to defend on any challenge
This is just admin error and real VAT was charged
HMRC have discretion to allow input VAT recovery with alternative evidence of a supply to a (valid) VAT invoice – HMRC tend to refuse to exercise their discretion where there is doubt that such a supply actually took place.
https://www.accountingweb.co.uk/tax/business-tax/accountants-shocked-by-...