Vat on mobile phone credit

M

mhmr

Guest
I have just registered for tax and I have a prepay mobile phone. Do I need to get seperate vat receipts for mobile phone credit or will the slip I receive with the top up code do for revenue records?
 
Think the handiest here would be to get yourself a bill phone. You can claim the VAT back plus part of the bill can be assigned a business expense.
 
Miles said:
Think the handiest here would be to get yourself a bill phone. You can claim the VAT back plus part of the bill can be assigned a business expense.
Click to expand...

You need a valid VAT receipt to claim a VAT credit. The top up slip will not suffice.
 
Miles said:
Hence why Im advising a bill phone...
Click to expand...

Perhaps soem one could correct me if I am wrong but I heard there is no VAT built into phone credit therefore no VAT to recover.

Anybody hear of that? please correct me if need be
 
The way around this is to allow an extra few euro in your own wages as weekely expenses. these would be tax free i think. The collect all receipts you recieve during business hours and write these off as expenses.
 
You must log in or register to reply here.
Menu
Log in
Register