What VAT cannot be reclaimed ?
What VAT cannot be reclaimed?
You may not reclaim VAT on the following costs even if you are registered for VAT and make only taxable supplies:
- food, drink or other personal services for yourself, your agents or employees, except to the extent that they are part of a taxable supply of services
- accommodation, other than qualifying accommodation in connection with attendance at a qualifying conference
- food or drink, or accommodation or other entertainment services, where it forms all or part of the cost of providing an advertising service
- entertainment
- passenger motor vehicles, excluding qualifying vehicles
- petrol, otherwise than as stock-in-trade
- contract work involving the handing over of goods when such goods are themselves not deductible.
Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie
