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Post Info TOPIC: Reclaiming VAT on Fuel costs


Guru

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Reclaiming VAT on Fuel costs
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Is it ok to re-claim VAT on fuel costs where you do not have a VAT receipts however, you do have a normal receipt which provides a breakdown of the cost relating to fuel and the amount relating to VAT



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Thanks, Nadia.



Senior Member

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Retailers can issue less detailed VAT invoices for receipts under £250.  It sounds like you have one of these - see here for details of what a less detailed VAT invoice must include.



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.



Guru

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Thanks Robert - I think this can be allowed under 16.6.2 Modified VAT invoice

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Thanks, Nadia.



Guru

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Robert,

Does the £250 rule relate to the total of all the receipts which are non VAT receipts and treat them all as one, or does the £250 rule relate to each receipt and treat them on an individual basis? 



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Thanks, Nadia.



Senior Member

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The £250 limit applies to each individual supply (i.e. each receipt).



__________________

Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.

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