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Post Info TOPIC: Recording VAT on client entertainment
buckland10


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Recording VAT on client entertainment
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I have receipts from cafes/restaurants re client entertainment.  I know VAT isn't recoverable on this and the receipt is not a VAT receipt but should I still record VAT?  I'm using Liberty accounts.

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Shamus


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Client entertainment is not an allowable expense.

If the expense is put through the books then the full VAT inclusive amount will be the expense put to the client entertaining bucket which will be disallowed for tax purposes.



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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