Date: Mon, 25 Oct 2004 16:38:27 +0100
From: Rev Adrian Kennard <`@o.gg>
Newsgroups: uk.finance uk.legal
Subject: Re: Any Input VAT on bank charges?

Matti Lamprhey wrote:
> "Steve Firth" <%steve%@malloc.co.uk> wrote...
> 
>>Fred  wrote:
>>
>>
>>>Generally you can only claim the VAT element of a VAT inclusive
>>>price (less than £100) where their VAT number is quoted on the
>>>receipt.
>>
>>Yes, but beware of the scam operated by Safeway, Dixon's (and all of
>>it's offshots such as Currys/PC World/The Link etc). They sell goods
>>and give what looks like a VAT receipt with a VAT number. However if
>>you calculate VAT on the total and reclaim it, you will be over
>>claiming if you paid by card (Switch/Maestro and other debit cards
>>included) because DSG charge 2.5% of the goods total for processing
>>card transactions. This 2.5% is VAT free.
>>
>>You need to ask for a VAT receipt at all DSG stores and they treat you
>>as if you are some sort of leper for doing so. These VAT receipts give
>>a detailed breakdown of the VAT charged.
>>
>>It is interesting that even for amounts greater than £100, DSG do not
>>give a detailed VAT receipt unless asked to do so.
> 
> 
> That's interesting -- I've just concluded a battle lasting several weeks
> with PC World in order to extract a VAT invoice from them.  One of the
> things they told me is that you can reclaim VAT if you have a (non-VAT)
> receipt for an amount not exceeding £100 showing the VAT number.  I
> looked for this in the VAT Guide but failed to find any support for it.
> I did find a section which permitted claims without a VAT receipt for
> amounts not exceeding £25 where you KNOW the supplier is VAT-registered
> and only for specific items such as those from coin-op machines, road
> tolls, parking charges and some phone calls;  but not a general
> permission of the kind implied by PC World.  However, I'd welcome a
> reference if I missed it somehow.

I have had similar discussions with thermal receipts. I cannot see 
anything in the VAT guide on this other than we have to keep receipts 
for 7 years (I think) and as such a receipt would obviously have to be 
durable to that extent (thermal ones would most likely have faded beyond 
any recognition by then). I have had places like PC world photocopy the 
termal receipt for me!

-- 
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