Josvill2010
Registered User
- Messages
- 87
Hi,
I was told today that the VAT for food and accomodation is a non deductible item
When we get expense claims from our EE's, we book the net cost on the invoice to PnL and separate the VAT, to claim the VAT.
If this is true, all the VAT for accomodation and lunches, would have to go to the accomodation G/L code for the gross. Is that right?
What is the reason for the VAT on food and accomotion to be non deductible in business?
Regards,
j
I was told today that the VAT for food and accomodation is a non deductible item
When we get expense claims from our EE's, we book the net cost on the invoice to PnL and separate the VAT, to claim the VAT.
If this is true, all the VAT for accomodation and lunches, would have to go to the accomodation G/L code for the gross. Is that right?
What is the reason for the VAT on food and accomotion to be non deductible in business?
Regards,
j