Sorting out the truth from the falsehood on the deduction of restaurant expenses!

The pattern

First of all (and obviously), these expenses must relate to the company's activity: prospecting, lunch with partners, business trips, etc.

For business lunches, restaurant expenses are always deductible from the result. All you have to do is fill in :

• Names of invited guests
• The names of the companies or organisations they represent
• The reason for the appointment  

However, for personal meals, the deduction is only possible if they are justified by a too long distance from the manager's home or if they are made during an assignment.

In practice, only the fraction of the price between €4.70 and €18.30 (i.e. €13.60) is deductible. These amounts are revalued by a few cents each year.

VAT

As regards VAT, there is a tolerance on the formalism of restaurant bills.

Indeed, VAT is deductible on these notes as soon as :

• They are less than €150
• The name, address and SIRET of the restaurant are filled in
  
• The name and address of the manager 's company as well as the names of invited guests (clients, etc.) are specified
  

Above €150, the restaurant owner will have to provide an invoice that complies with the obligatory invoice formalism in order to be able to deduct the VAT. The manager will still have to provide the names of customers, employees or other guests.

Expense report management

Are you tired of wasting time managing your restaurant bills and those of your teams? No problem! Blendy helps you set up Dext, Expensya, Xpenditure or any other application to simplify and automate the management of your expense reports.

Still have questions? Want to know more?

Simply contact the Blendy team , #ExpertsAccountants 3.0 certified QuickBooks & Dext.