The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> VAT on subsistence receipt
Post Info TOPIC: VAT on subsistence receipt
Noola


Senior Member

Status: Offline
Posts: 427
Date:
VAT on subsistence receipt
Permalink Closed

I have a receipt for fuel for the sum of £33.59. Underneath this is also sweets for 63p, milkshake for £1.32 and a sandwich for £2.99. The total is £38.53.

I calculated £5.00 for VAT on the fuel so that would be £28.59 exclusive of VAT then £4.94 for subsistence. But on the receipt underneath it has calculated the VAT as £5.10 as it has included the 63p for sweets.

Do I ignore their calculation and put my calculation in the books or would you calculate the VAT on this item?

I know its only 10p difference but I end up really confused and it throws me off.

Thanks in advance.

__________________
Wella


Expert

Status: Offline
Posts: 2256
Date:
Permalink Closed

Hi Noola

Use your calculations, and if a soletrader, post the balance to drawings, if paid on business a/c.

If just claiming expenses only enter the fuel and fuel VAT value.

HTH
Bill

__________________

 

 
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Permalink Closed

Hi Noola,

I would agree with Bill, I have a client who buys sweets etc when puting fuel in his van and I post the sweets etc to drawings with no VAT and then the fuel with VAT to the car exp a/c.

HTH

__________________

Amanda
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> VAT on subsistence receipt
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About