The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note will assist businesses and their advisers in identifying common VAT mistakes. The guidance note will be especially useful when completing a VAT return or undertaking a VAT review.
The information laid out below is also summarised in the Checklist ― common VAT mistakes.
Reclaiming VAT on on-street meter parking
Businesses should only reclaim VAT if they are in possession of a valid tax invoice or a receipt showing a VAT registration number. On-street parking meter charges are not subject to VAT so no VAT receipt will be issued. Therefore, no VAT can be reclaimed.
Relevant guidance notes:
Flowchart ― procedure for claiming input tax
Recovering VAT on UK business entertainment
No VAT is recoverable on business entertainment expenses
Business and staff entertainment and Flowchart - recovering VAT on entertaining expenses
Failing to meet the export zero-rating VAT requirements
The goods must be exported to a non-EU country and the business must have proper commercial evidence that the goods were physically exported to a non-EU country. If the goods are exported by the customer or their agent then additional requirements must be met before the supply can be zero-rated.
Relevant guidance note
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