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A claim for input tax can still be made by a business in the absence of a tax invoice
KEY POINTS
- There are four basic conditions to reclaim VAT input tax.
- The requirements of VATA 1994 and VAT Regulations 1995.
- Do not overlook HMRC’s VAT Input Tax Toolkit.
- HMRC’s manuals provide guidance as to the conditions that must be satisfied to recover input tax.
- HMRC to have discretion where invoices are missing.
Today’s VAT dilemma (or “conundrum” for fans of Countdown) is simple: a client called Joe has received a VAT visit from HMRC and he cannot provide a tax invoice to the officer in respect of a purchase of machinery he made two years ago for £30 000 plus VAT of £6 000.
The officer is seeking to disallow the input tax claimed in the absence of an invoice but can we do a Batman and swoop in...
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