Claim back the VAT from Tesco - The Book-keepers Forum (UK)

Diona · Veteran Member

Claim back the VAT from Tesco

Rhianrach · Expert

You should have a vat receipt to claim back input tax, as far as I've been led to believe. I always thought large supermarkets did give you one to be honest, as long as the goods are subject to vat.

kjmcculloch83 · Expert

Most big stores give a simplified VAT receipt. http://www.hmrc.gov.uk/vat/managing/charging/vat-invoices.htm#6

If I remember right Tesco put a * next to items which have VAT on them at standard rate.

Kris

Rhianrach · Expert

kjmcculloch83 wrote:
Most big stores give a simplified VAT receipt. http://www.hmrc.gov.uk/vat/managing/charging/vat-invoices.htm#6

If I remember right Tesco put a * next to items which have VAT on them at standard rate.

Kris

Yeah and asda put a V next to theirs and if I remember rightly adds up the total of vatable items so you have a net figure to input, or it could be another supermarket, I shop around smile

Diona · Veteran Member

Less detailed vat invoices should include :

your name, address and VAT registration number;
the time of supply (tax point);
a description which identifies the goods or services supplied;
and for each VAT rate applicable, the total amount payable, including VAT and the VAT rate charged, shown in sterling.

kjmcculloch83 · Expert

Although diona is totally right, in the real world I've never known anyone to be pulled up by the taxman for small receipts which don't show the vat rate as long as you can identify what the items are and what the vat would be on them. I've had 2 clients visited by hmrc and neither took issue with this.

I now await the horror stories.

Kris

Diona · Veteran Member

Thanks a lot Kris :)