Mixed Business entertainment expenses and other business expenses for VAT purposes
VAT and Employee Entertainment – i.e. where only company staff members are present
You can only reclaim the VAT on the proportion of your expenses that are not used for the business entertainment and are used for the business purposes.
VAT and Business Entertainment
If you provide entertainment to reward your team for good work or to maintain and improve staff morale, this is considered to be for business purposes and so you can claim back the VAT.
Client Start-up Bookkeeping Checklist
Generally, the VAT cannot be recovered on the business entertainment expenses.
Company Car VS Car Allowance
Download by bookkeeping checklist for new clients as a pdf.
A Few Tips for General Mileage Expenses
Years ago, a company car was seen as a massive incentive towards taking a new job. However, recently many employers have preferred to offer a car allowance which could prove more financially beneficial to both you and the firm. So when presented with two options – a company car or a car allowance – which should you choose? This guide will examine the pros and cons of both.
Accurate mileage expenses are important, if for any reason you are estimating your mileage you may be over or under claiming. Under claiming means less money in your pocket and over claiming leaves you open to inspection from HMRC.