VAT on train fares


Postby lambpie on Wed Apr 14, 2004 1:50 am

Are train fares and travelcard fares vatable - should VAT be deducted when entering onto Sage or other similar accounts package.
lambpie
 
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Postby peter@lavat.co.uk on Wed Apr 14, 2004 2:00 am

Hi Lambpie

Travel by public transport,including trains, is zero-rated.

Where you have an inclusive amount of taxable expenditure and you want to identify the VAT element you might like to try this: http://www.vatsolve.co.uk/vat_calc.htm

Kind regards

Peter
peter@lavat.co.uk
 
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