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Post Info TOPIC: Subsistence payments and VAT
Cheshire


Master Book-keeper

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Subsistence payments and VAT
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Hi

I have a Ltd company VAT registered customer who had a stand at a trade fair 90miles from home.   his wife helps him with his business but is not a Director nor are either of them on the payroll.

I have receipts for food/drinks bought at the trade fair, some receipts with VAT on, some not.

My question - can I claim the VAT element of these subsistence bills - I was planning on claiming just half for the sole Director's share. Is this ok?



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
leshoward


Senior Member

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You can claim VAT, on both the Director and his wife, as long as the company bears the cost of the meals. This is properly subsistence, and not treated as business entertainment.

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Cheshire


Master Book-keeper

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Posts: 8646
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Fantastic - even better news than I thought. Thanks Les.



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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