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This Tax Brief outlines new opportunities to reclaim input VAT incurred on:
- The cost of refreshments provided to directors, staff, clients and contacts for meetings held on the business’s premises where there is a business purpose and the refreshments are provided to improve efficiency of the meetings;
- The cost of providing entertainment to overseas contacts; and
- The costs associated with the provision of accommodation to company directors.
Claims can be made for expenditure incurred as far back as 1973, but such claims must be made by 31 March 2009.
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