Cant reclaim IPSE/QDOS? Cant reclaim IPSE/QDOS?
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  1. #1

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    Default Cant reclaim IPSE/QDOS?

    Morning
    I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

    is this right?

    Thanks MU

  2. #2

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    Quote Originally Posted by MonkeysUncle View Post
    Morning
    I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

    is this right?

    Thanks MU
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  3. #3

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    Default

    Thats the one.
    Thanks

    ....so used to searching the forum it didnt actually occur to me to look on the actually orgs website

  4. #4

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    Quote Originally Posted by MonkeysUncle View Post
    Morning
    I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

    is this right?

    Thanks MU
    IPSE is an odd one. I don't believe you are supposed to as its a personal subscription or summat.

    QDOS however is insurance so doesn't attract VAT so there is none to reclaim.
    See You Next Tuesday

  5. #5

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    Quote Originally Posted by MonkeysUncle View Post
    Morning
    someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.
    is this right?
    VAT is 0 on my QDOS insurance package invoice, so nothing to reclaim.

  6. #6

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    Quote Originally Posted by Lance View Post
    IPSE is an odd one. I don't believe you are supposed to as its a personal subscription or summat.

    QDOS however is insurance so doesn't attract VAT so there is none to reclaim.
    IPSE is a genuine business expense, since without the company you wouldn't need it. Therefore it is not a BIK, and VAT is obviously reclaimable. What you can't do - for some very real but arcane legal reasons from the early 1900s - is offset it against Corporation Tax.
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  7. #7

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    Quote Originally Posted by malvolio View Post
    IPSE is a genuine business expense, since without the company you wouldn't need it. Therefore it is not a BIK, and VAT is obviously reclaimable. What you can't do - for some very real but arcane legal reasons from the early 1900s - is offset it against Corporation Tax.
    ^^ this

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