The payment made by the company was £90.40. Can I account for VAT in this? Will it come under motor expenses? What does the tax due from motorist mean?
The amounts usually payable for windscreens are (a) the excess and (b) the VAT, if the policy holder is VAT registered. In your example, I would have thought the amount payable would have been the VAT. Where does £90.40 come from?
I really don't know. The list above is whats on the invoice. I can't work out where this amount comes from because the windscreen excess is usually £60. Could it be that the extra £30.40 is the VAT amount?
