Fixed Rate Vat

[radish2008]

Remember, not having a valid VAT receipt/invoice doesn't mean it can't be put through the books if its a valid business or employee expense, it just means you can't reclaim the VAT element.

I've recently been informed by my accountant that this isn't strictly true. If you have a receipt from a major uk retailer you can claim the VAT back without a VAT receipt but.

1. If investigated it may and probably will be challenged.
2. This can be mitigated by the argument that the retailer has obviously charged VAT and the claim is good. HMRC are very unlikely to challenge this explanation any further.

[TheCyclingProgrammer]

I've recently been informed by my accountant that this isn't strictly true. If you have a receipt from a major uk retailer you can claim the VAT back without a VAT receipt but.

1. If investigated it may and probably will be challenged.
2. This can be mitigated by the argument that the retailer has obviously charged VAT and the claim is good. HMRC are very unlikely to challenge this explanation any further.

Yes, I believe I've read something similar before but for an easy life I would ensure I had a VAT receipt, especially if its a significant purchase.

[SueEllen]

Tis I, Lucifer. How can you tell it's really me?

Say no more...

Ahh feck that means I will have to ask Amazon for VAT receipts.

[Waldorf]

Any accountant attempting to charge more for handling standard VAT are simply being greedy. This was standard before the introduction of Flat Rate VAT, I don't recall any accountants offering discounts if you went on FRV. You should oppose any attempt to pay more fees.