Do you have overseas customers?

HMRC now accepts that VAT incurred on the entertainment of overseas customers may be recovered under the terms of EU law.  You may make claims in respect of of input tax on these costs, subject to the normal four year cap.  However, in some circumstances a charge for private use will apply which may cancel out the VAT you are now entitled to recover.

For more information and advice call 01543 273830 and speak to our tax consultant.