The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> VAT Claimable?
Post Info TOPIC: VAT Claimable?
Tampster


Newbie

Status: Offline
Posts: 1
Date:
VAT Claimable?
Permalink Closed

I am a motor parts distributor.

I supply motor parts parts to end users, via my Dealer network, who is franchised.

Occasionally, a body repairer will recieve a car which is un-economical to repair. Lets say it will cost £5,000 to repair, but is only worth £4,800. I, as the parts supplier may decide to support the cost of this repair by £250, therefore making it economical to repair (obviously i wont sell my parts if the vehicle is written off)

I ask the body repairer to invoice me directly (not via my franchised parts supplier) for £250....... can i claim back the VAT element of the invoice from the body repairer?

__________________
Tombombadil


Member

Status: Offline
Posts: 12
Date:
Permalink Closed

If you are Vat registered and you receive an invoice from a Vat registered supplier then you can reclain the Vat input amount.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> VAT Claimable?
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About