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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> How to Treat Proforma Invoices for VAT Return?
Post Info TOPIC: How to Treat Proforma Invoices for VAT Return?
Apollo


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How to Treat Proforma Invoices for VAT Return?
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Hi and particular thanks to Shaun, whi is always most responsive!

Should an undated proforma invoice received [say for prof. fees] be ignored for current qtr Vat return purposes, but when VAT invoice is received after settlement, adjust [include] accordingly on next qtr VAT return?

Or include in current qtr as usual? Proforma has supplier's VAT reg; customer address etc, but says that VAT invoice to be submitted when total paid in full.

Thanks

John

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RobH


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Hi Apollo,
You need to wait for the proper invoice to be issued, which should happen once the invoice has been paid. If your client is on cash accounting and the payment has been made in the quarter then I see no reason not to claim the input tax at that point.

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Rob
www.accounts-solutions.com
Wella


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Hi John

Pro Forma invoices are not VAT invoices and as Rob says, you need to wait for a VAT invoice to be raised.

This link takes you to a asection on HMRC site explaining what is a VAT invoice

http://www.hmrc.gov.uk/vat/managing/charging/vat-invoices.htm#5

Bill

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