Finance and Accountancy Briefing

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Reclaiming VAT on expenses: common mistakes and how to avoid them

Overview

To maximise your refund you must accurately report on your VAT spend. There's no room for mistakes - you have to know exactly how much HMRC owe you and keep an audit trail to prove it.


You will also need to  stay on top of the rules around reclaiming to ensure your claim is based  on up-to-date policies.


This guide will help you overcome the following frustrations:


• Regulatory pitfalls that make claiming VAT confusing


• Awkward processes standing in the way of a smooth reclaim


• Uncertainty around using technology to track VAT on expenses 

Tags: Business Software, Financial Accounting System.

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