VAT on Train tickets
- Thread starter julie86
- Start date
If you haven't got a vat receipt then you shouldn't reclaim see here:
http://www.hmrc.gov.uk/vat/managing/reclaiming/reclaim.htm
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Should the whole value of the train ticket appear on the VAT return in box 6, or should it not appear at all?
I have had conflicting advice about this in the past. In Sage I used to use T9 for train tickets, but changed to T2 (exempt) following advice I had, but just wanted this backing up. Are train tickets exempt or zero rated?
Many thanks
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I think you mean box 7? In which case the answer is yes, as the supply is zero rated.
It's been said above that all public passenger transport is zero rated. Taxi fares are standard rated, but there's a good chance that the driver isn't VAT registered.
If the transport is in any vehicle designed or adapted to carry not less than 10 people, it's zero rate. Needless to say, as it's VAT, there are ifs buts and exceptions.
It's been said above that all public passenger transport is zero rated. Taxi fares are standard rated, but there's a good chance that the driver isn't VAT registered.
If the transport is in any vehicle designed or adapted to carry not less than 10 people, it's zero rate. Needless to say, as it's VAT, there are ifs buts and exceptions.
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A bit off-topic, but what is the best way of accounting for not having
a VAT invoice?
I used to be hopeless at keeping VAT receipts (better now, but still lose
the odd one or two)
This means I effectively have 2 spreadsheets each month.
1 for VAT purposes, 1 for main accounts.
I only include items I have VAT receipts for in my VAT spreadsheet.
I dare say your answer will be, keep all VAT receipts more carefully"
but is doing it the way I do best if I haven't got all receipts?
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As Elaine says, you shouldn't claim VAT if you don't have a VAT invoice. But I don't see why you need to keep two spreadsheets. Just put those items with no VAT receipts down without claiming VAT.
(I'm one of the school that thinks that keeping accounts records on spreadsheets is a bad idea, btw!)
(I'm one of the school that thinks that keeping accounts records on spreadsheets is a bad idea, btw!)
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