I beg to differ with Graham07
It is not necessary for an invoice to be issued in the name of the company to be deductable for VAT purposes.
The requirement is that the goods or service in question need to be for use in the business and / or a genuine expense of the business.
Very often invoices are addressed to employees or officers of a company and are fully acceptable
Gents
I dont mean to be rude by contardicting your assertion that the vat invoice must be in the name of the claimant. This is a common myth in VAT.
The taxable person who incurs input tax is entitled to recover it provided :
1) the taxable person has a valid vat invoice and
2) the VAT incurred relatets to his / her taxable business
An invoice issued to an employee or an officer of the company is a legitimate vat input as long as 1 and 2 above are satisfied.
Its the substance of the transaction that is most important here and the requirement that the expense relates to the business of the claimant
I personally have been involved in umpteen vat inspections where this treatment has always been upheld / confirmed.
For those who doubt this in any way please provide some or any tax law or text that says anything different.
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