Without this one document, you can’t claim input tax on your business travel expenses

Club, 09 Dec. 2014

Tags: input tax, claiming input tax, claiming input tax on business travel, business travel claims

Good news: If you or your employees travel for business and spend at least one night away, you can claim input tax on some of the travel expenses.

But as you know, anything that involves SARS comes with terms and conditions.

So what are the t’s and c’s for this?

You can only claim input tax on your business travel expenses if you have this one document…

******* Recommended Product ********
You could be missing out on 34 input tax Vat savings...
Are you sure you’ve claimed input tax on these five office expenses?

  1. Plants for the office;
  2. Flowers sent to sick staff;
  3. Medical bills;
  4. Promotional gifts; and
  5. Stationary orders for the office?
There are 29 other input tax claims you can use to your advantage too...

Find out what they are here and never miss out on another input tax claim again...



The one document you must have to claim input tax on your business travel expenses

To claim input tax on your business travel expenses, you need a valid tax invoice that contains these details:
  • The words “tax invoice”;
  • The name, address and Vat number of the supplier (airline, hotel etc);
  • Your company name and address and Vat number;
  • A serial number;
  • A date;
  • The description and quantity of the goods bought or services supplied;
  • Payment for the goods or services; and
  • The amount of Vat or a statement that says the price includes Vat and the rate of the Vat charge (i.e. either 0% if zero-rated or 14% if standard).

SARS will deny your input tax if you don’t have a valid tax invoice

You might meet all the conditions for claiming business travel, but, if you don’t have a valid invoice SARS will deny your claim.
This is why experts behind the Practical Vat Loose Leaf Service call a tax invoice “the most important link in the Vat chain.”
If it’s incorrect or incomplete in any way, your input tax claim will collapse. So always insist on valid invoices. This way, you won’t lose out on the chance to minimise the high cost of business travel.
PS: There’s so much more you still need to know to claim input tax on your business travel expenses. That’s why we recommend you checkout the Input Tax 101 e-Report. It will guide you so you can claim every legal input tax deduction with ease.

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Claire 2016-10-13 15:37:41

A technician is away overnight to work for which the customer will be invoiced. The technician pays for accommodation and meals and then fills in an expense claim for these costs. The slips attached are not made out to the company. Can the Vat input still be claimed by the Company ?


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