WebJan 28, 2014 · If a business buys assets for staff entertainment : like coffee machines, pool table for the canteen, any furniture that can be used by the staff for staff entertainment. … WebJul 24, 2024 · VAT reclaim on alcohol when it is part of travel expenses. Am I right to thinck that input VAT is reclaimable when it is part of catering provided during the conference (main business activity) but NOT reclaimable when it is part of emloyee's subsistence (not a client enetertainment). I am talking about situation when an employee …
Claiming input VAT without tax invoices is allowable - Consulting
WebMay 6, 2024 · May 6, 2024. Generally, a registered business for VAT purposes in UAE can recover VAT incurred for rental, lease, or purchase of motor vehicles that are used solely for business activities within the country. Company-bought motor vehicles that are used for the personal activities of a person employed by the company are not eligible for VAT ... WebThe distinction between commercial accommodation and a dwelling is essential, because the supply of commercial accommodation is subject to VAT at the standard rate, whereas the letting and hiring of a dwelling is exempt from VAT. In addition, where commercial accommodation is supplied together with domestic goods or services (furniture, water ... my family finder
VAT 411 Guide for Entertainment Accommodation and
WebMar 21, 2024 · ITC on Staff Welfare Expenses. Every registered taxpayer under GST who continues any business wherever in India/State can avail Input tax credit on Employee Expenses. Moreover, the ITC on Staff … WebEntertaining employees: tax relief and VAT. The cost of entertaining staff as a reward for good work, or to keep up morale, is classed as employee entertainment, for which you can both claim tax relief and reclaim any VAT you pay. However, if your employees are acting as hosts to a group of customers at an event, and the purpose of the event is ... my family financial miracle.com