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VAT without receipts or invoices

  • Member
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  • 12 posts
  • # 120803

Hi everyone

 

I have a client who is a tradesman and is very poor at keeping receipts. Can I use the bank transaction as a record of the purchase and put through 20% VAT, even though he hasn't provided an invoice or any documentation.

Thanks

  • Member
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  • 20 posts
  • # 120825

Hi There

 

hope this helps, its on the HMRC website and explains what supporting evidence HMRC expect for any reclaiming of VAT.

https://www.gov.uk/reclaim-vat 

 

we always share this link with our clients and if they dont have the correct VAT receipt to support the transaction we wont claim the VAT back 

 

KR 

Smile

 

  • Member
  • Practice Licence
  • 12 posts
  • # 120826

Allison S said:

Hi There

 

hope this helps, its on the HMRC website and explains what supporting evidence HMRC expect for any reclaiming of VAT.

https://www.gov.uk/reclaim-vat 

 

we always share this link with our clients and if they dont have the correct VAT receipt to support the transaction we wont claim the VAT back 

 

KR 

Smile

 


 Hi Allison S

Thanks for your reply.

The issue I have is my client does not have supporting documents for purchases made on his business bank account except the bank transaction.

Should I process it as "No VAT" or assume 20% as it's for parts from a recognised merchant?

Thanks

  • Fellow PM.Dip
  • Practice Licence
  • 24 posts
  • # 120855

In my rather stroppy opinion - if he can't be bothered to get the VAT receipts then don't claim the VAT back.  If a supplier is VAT registered then they are able to provide VAT receipts.  HMRC expect to see documentation to support the claim.  

  • Member PM.Dip
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  • # 120881

Cosmic said:

“In my rather stroppy opinion - if he can't be bothered to get the VAT receipts then don't claim the VAT back.  If a supplier is VAT registered then they are able to provide VAT receipts.  HMRC expect to see documentation to support the claim.  ”

 Hi there,

I have the same stroppy opinion...lol  He should be getting receipts.  If there is no receipt then technically it didn't happen :-)

If he has a VAT inspection they will expect to see documentation as evidence.  If you do not claim any VAT back for the items that he hasn't got receipts for and then tell him how much he has lost out on, it will soon prompt him to get receipts.  There's no excuse especially for not getting receipts from reputable suppliers. (You could always call said suppliers and ask for a copy of the VAT receipt?)

Pauline

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