Southside Accountants

You as an empolyer can recover VAT on expenses incurred on staff team building where this event is wholly for the business purpose.  The same also applies to staff parties, staff outgoings and other similar events.

However, you will not be able to cover VAT where:

• The event is exclusively for the directors of the business. For you to recover all staff should be invited to the event.

• Where your employees merely acts as hosts to non-employees and the only purpose of the event  is entertaining non- employees.

http://www.southsideaccountants.co.uk/tax-centre.html

Tags: Accountants Balham, Accountants Fulham, Accountants Mitcham, Accountants Putney, Accountants Tooting, Accountants Wandsworth, Accountants Wimbledon, recovery, team building, vat

This entry was posted on Sunday, February 7th, 2010 at 1:11 AM and is filed under Tax Advise. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.