Reclaiming VAT question

[sellickbhoy]

Hi

I am in the process of launching a new ltd company - i am voluntarily vat registered

As part of my set up of the business and kitting out of my new premises, i've purchased some bits and bobs from B&Q

Now, i'll be submitting the receipts against teh business as a cost but I also want to reclaim the vat

however, the B&Q recepts don't break it out as net cost, VAT amount and total

B&Q are vat registered and their VAT registration number is on the receipt

can i reclaim vat on these items even though the vat is not stated separately on the receipt?

 

[Brsln2]

As you state that as long as there is a VAT number on the receipts, you should be able to claim the VAT even though the amounts are not separated.

 

[John Mansley]

I'd claim the VAT on such receipts, but be prepared for the possibility that a VAT inspector could take you to task on it. Going forward, get into the habit of asking for VAT receipts all the time.

 

[banny]

These are known as less detailed vat invoices usually issued by retailers. Claim the VAT back on the qualifying items and you should be okay.

 

[John Mansley]

Hey, Banny - Fordy hopes you didn't cancel the meeting just to play on the internet!

 

[sellickbhoy]

Hi everyone, thanks for the advice. Of course, I'll be running it by my accountant when i submit them all, but he charges a fortune if I phone him late and night with such trivia!!!

the most annoying thing about it now is that i have to reconfigure my expenses spreadsheet to calculate the net amount and VAT from the total - and there was me thinking i'd been clever setting it up the other way around!!!

ach well, it's a small price to pay for getting some money back I guess.

Thank you all again - in future - VAT RECEIPT PLEASE!!!!! I will learn!!

 

[banny]

Hey, Banny - Fordy hopes you didn't cancel the meeting just to play on the internet!

John

No I have stuff to sort out and a training course this afternoon. And before Mr Ford tries to say anything remotely funny, YES I do go on courses!

BTW, if he isn't treating you well come by my office for an interview

 

[John Mansley]

Haha! Fordy's laughing, too!

 

[ShortCouture]

I believe that you can because their VAT number is stated. However you can check with the www.HMRC.gov.uk website - assuming that you don't have an accountant to ask.