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Post Info TOPIC: VAT on subsistence receipt
Noola


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VAT on subsistence receipt
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I have a receipt for fuel for the sum of £33.59. Underneath this is also sweets for 63p, milkshake for £1.32 and a sandwich for £2.99. The total is £38.53.

I calculated £5.00 for VAT on the fuel so that would be £28.59 exclusive of VAT then £4.94 for subsistence. But on the receipt underneath it has calculated the VAT as £5.10 as it has included the 63p for sweets.

Do I ignore their calculation and put my calculation in the books or would you calculate the VAT on this item?

I know its only 10p difference but I end up really confused and it throws me off.

Thanks in advance.

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Wella


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Hi Noola

Use your calculations, and if a soletrader, post the balance to drawings, if paid on business a/c.

If just claiming expenses only enter the fuel and fuel VAT value.

HTH
Bill

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Amanda


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Hi Noola,

I would agree with Bill, I have a client who buys sweets etc when puting fuel in his van and I post the sweets etc to drawings with no VAT and then the fuel with VAT to the car exp a/c.

HTH

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Amanda
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