"New Startup" <> wrote in message
news:n1x1hy46sxpw$....
>
> >> How can I put this through my accounts if I don't have any sort of
> >> invoice/receipt, I don't even know if I have been charged VAT ?
> >>
> >> Thanks
> >> Peter
> >
> > If in doubt, don't claim the input tax - it's only £1.48.
> Ok, but what happens about the missing receipt/invoice I thought I had to
> have a receipt/invoice for everything I spent the companies money on ?
> Won't the tax man not like it ?
>
> Peter
Ideally, you should have receipts for all expenses for which you want to
claim a tax deduction. Your bank statement will prove the payment, and there
may be some narrative. Also, it seems that you have some correspondence to
substantiate the type of payment.
I should think it most unlikely that the IR would ever request sight of the
receipt for such a small item. Add a few zeros, and the matter might change.
--
Doug Ramage
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