Cant reclaim IPSE/QDOS?

[MonkeysUncle]

Morning
I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

is this right?

Thanks MU

[wattaj]

Morning
I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

is this right?

Thanks MU

FAQs | IPSE

[MonkeysUncle]

Thats the one.
Thanks

....so used to searching the forum it didnt actually occur to me to look on the actually orgs website

[Lance]

Morning
I remember reading somewhere on here (I have tried searching but cant find it again) someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.

is this right?

Thanks MU

IPSE is an odd one. I don't believe you are supposed to as its a personal subscription or summat.

QDOS however is insurance so doesn't attract VAT so there is none to reclaim.

[zonkkk]

Morning
someone mentioning that you cant reclaim the VAT on an IPSE/QDOS subscription.
is this right?

VAT is 0 on my QDOS insurance package invoice, so nothing to reclaim.

[malvolio]

IPSE is an odd one. I don't believe you are supposed to as its a personal subscription or summat.

QDOS however is insurance so doesn't attract VAT so there is none to reclaim.

IPSE is a genuine business expense, since without the company you wouldn't need it. Therefore it is not a BIK, and VAT is obviously reclaimable. What you can't do - for some very real but arcane legal reasons from the early 1900s - is offset it against Corporation Tax.

[ladymuck]

IPSE is a genuine business expense, since without the company you wouldn't need it. Therefore it is not a BIK, and VAT is obviously reclaimable. What you can't do - for some very real but arcane legal reasons from the early 1900s - is offset it against Corporation Tax.

^^ this