Airport Parking VAT
Discussion
TEKNOPUG said:
I have received an email from my accountants telling me that I can't reclaim "travel".
It's not an airfare though, it's parking at an airport.
Why can't you reclaim VAT on the airfare (assuming it's not zero rated)?It's not an airfare though, it's parking at an airport.
Eric's listed the main VAT rules above. Assuming you're VAT registered and your business makes standard or zero rated supplies then you can reclaim your input VAT, which covers airfare and parking.
Most travel costs are zero rated for VAT purposes (such as air fares, train fares and bus fares).
However, SOME fares may be standard rated (20% VAT) so you do need to be aware as to whether the fare does or doesn't have a VAT element included in it.
By and large, all public transport fares are Zero rated.
However, SOME fares may be standard rated (20% VAT) so you do need to be aware as to whether the fare does or doesn't have a VAT element included in it.
By and large, all public transport fares are Zero rated.
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