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Businesses often ask if they can claim input VAT without a VAT invoice.

H M Revenue & Customs (HMRC) have released new guidance on how they will recovery excess payment of Winter Fuel Payment.   The Winter Fuel Payment is automatically paid to individuals of state pensioner age. However, it is repayable if you have more than £35,000 pa of taxable income.   Taxable income includes: State Pension Taxable state benefits Company and personal pensions Wages and salary from employment Profits from self employment Profits from property rental Interest f

In order to reclaim VAT on its costs, a business needs to consider a number of points; 1. Has it got a VAT invoice from the supplier, and 2. Has it used the cost to make VATable supplies, and 3. Was it charged the correct amount of VAT by the supplier? Most businesses will be aware of point 1 and most will understand point 2. However, it is common for businesses to assume that if they are charged VAT then they can claim it from HMRC without taking into account if the rate ap