Giving gift vouchers

Why not just enter it as a business gift? I would simply enter it as a business gift with a purchase value of less than £50, as the individual gift is £50. That way, you can reclaim the vAT.You could perhaps add a remark when entering the transaction to indicate to whom you are giving this as a gift. Otherwise, the auditor might think that this is one gift and then you would have to enter it differently, of course.

Thank you for your answer! However, how can I reclaim vAT when the purchases of the gift vouchers clearly state 0% vAT? These are not gift vouchers from my own company, but ones I bought elsewhere.