In general VAT legislation does not allow you to claim VAT that you incur on costs relating to Business Entertainment. VAT legislation describes Business Entertainment as being the free of charge provision of food, accommodation and entertainment of any kind to UK based people who are not your employees.
This restriction does not apply to VAT you incur on costs relating to Business Entertainment provided to overseas clients visiting the UK. However if the Business Entertainment includes, what HMRC considers to be a private benefit for the overseas client, you may be required to account for VAT on this private benefit.
Value Added Tax is more commonly known as VAT and is a tax on supplies. The exact amount of tax to be added is calculated using ‘the rate of VAT’ which is a percentage of the ‘price before tax’, that is, the price that would have been charged if there was no tax on it.
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Insurance schemes through accountants.
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