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PostPosted: Mon May 29, 2006 9:19 am 
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Joined: Sun Jan 15, 2006 12:32 pm
Posts: 113
With the likes of petrol receipts and stuff you buy for your car, do the receipts have to display the ammount of VAT paid on them, as i have a few receipts that only display the total cost of product ?

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PostPosted: Mon May 29, 2006 1:01 pm 
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Joined: Wed Oct 20, 2004 9:51 pm
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Only if you are to be reclaiming the VAT on it, which would only be the case if you are VAT-registered, which the average owner-driver won't be, and it's not a route you want to take anyway unless you have to.

Of course, people that you pay may not be VAT-registered either (a one-man band mechanic, say), in which case no VAT would be shown on the receipt, thus you wouldn't be able to reclaim VAT even if you were VAT-registered.

But I think that if the supplier is VAT-registered then they have to give you a receipt showing the VAT separately, if you ask for one at least.

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