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Did you know you can claim input tax on flowers and 8 other items?

by , 23 May 2013
One of our clients, Francis, wrote in with a scenario. She wanted to know if she could claim the Vat back on flowers. Here's her question:

'The administrator for our business had a recent health scare, and spent time in hospital. We sent her flowers from an internet site, and it was fairly expensive to have them delivered to the hospital.

We weren't sure if we could claim the Vat back on these flowers, because we know the 'rule of thumb' is you can't claim Vat back on entertainment. Do flowers fall under entertainment? How do we handle this expense?'

Let's find out more…

+++ SARS made a small change in December that could cost your company millions+++

In December, they made a sneaky change to invoices… slip up and it could cost you. Issue a tax invoice wrong - even by just one number - and SARS will reject your refunds. Click here to find out more…

+++

Did you know you can claim input tax on flowers and 8 other items?

Yes Francis, you can claim the Vat back on flowers that you send to a sick member of staff. You can also claim the input tax on flowers for the office, and promotional gifts that have the company logo on.

There are other items you can claim input tax on. Keep reading to find out more…

+++ How can you be sure, with changing laws and regulations, that you…+++

- Interpret regulations correctly?
 - Record company finances correctly?
- Avoid penalties and fines ...

 And can you prove it to SARS or your auditors?

I have the solution.
+++

In fact, there's a whole list of items your instinct would mislead you to think that you can't claim Vat back on… that you actually can.

Don't miss out on all the input tax you can be refunded on.

For the full list of the items you can claim input tax on, check out Chapter I01: Input tax in your Practical Vat Loose Leaf. Not a subscriber? Click here.  

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