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  • This topic has 4 replies, 4 voices, and was last updated 8 years ago by colp.
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  • Reclaiming vat on merchant rentals
  • toppers3933
    Free Member

    Waaaay off topic but
    Can a business that is vat registered reclaim the vat paid to merchant services for the rental of their card machine on their vat return?

    Posted 8 years ago
    hammyuk
    Free Member

    unless it comes under “exempt:” on the HMRC list then anything you pay VAT out on can be reclaimed against what you have received in VAT

    Posted 8 years ago
    sharkbait
    Free Member

    Look at an invoice for the machine rental – if it shows a VAT amount then that’s what can be claimed back.

    Posted 8 years ago
    northernmatt
    Full Member

    I think when we get our statements at work the only bit we pay vat on is the rental. Charges are exempt.

    Posted 8 years ago
    colp
    Full Member

    Yep, a whole £2.50 a month on the back of £300 fees!

    Posted 8 years ago
Viewing 5 posts - 1 through 5 (of 5 total)

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