wood1e2
28th July 2010, 07:40
Hi,
When you are going through expenses, subsistence, Hotels, fuel etc..and the receipt has the VAT number on it, but no breakdown of VAT. But you know VAT is charged on such items purchased.
Do you extrapolate the VAT? or
Do you post the expense item without VAT?
The reason I ask is I find myself thinking, what did I do last month? Take the VAT out or leave it!!
I was wondering what people did? As I have read in some places that unless VAT is stated on the VAT receipt then there is no VAT that can be reclaimed!!
I just want to get into a position of consistancy, with my postings, whehter right or wrong :)
When you are going through expenses, subsistence, Hotels, fuel etc..and the receipt has the VAT number on it, but no breakdown of VAT. But you know VAT is charged on such items purchased.
Do you extrapolate the VAT? or
Do you post the expense item without VAT?
The reason I ask is I find myself thinking, what did I do last month? Take the VAT out or leave it!!
I was wondering what people did? As I have read in some places that unless VAT is stated on the VAT receipt then there is no VAT that can be reclaimed!!
I just want to get into a position of consistancy, with my postings, whehter right or wrong :)