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Marky65


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Another VAT Question
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Hi

Following on from my VAT question yesterday, I have another one today.

Same client have two receipts both over £1000, on suppliers letterhead which includes VAT number, it has the date, receipt number, gross amount and confirmation that it was paid. There is no mention of what the goods or services were supplied or what the net and VAT amounts are.

Am I correct in thinking that I should not deduct the VAT from this and that I should ask the client to get a VAT invoice.  If this is unobtainable what VAT code should I use to post this to in Sage, T1/T2 ?

Thanks for your help again.

Regards

Mark 

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Wella


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Morning Mark

Again a quote from VAT700

Basically Para 16.3 What Information is required on a VAT Invoice?

a
  • description which identifies the goods or services supplied

    Again the requirements are clear on what is a VAT invoice but also emphasises that  the supplier must issue a VAT invoice if asked for one.

    In this case it should include a description of the goods or services supplied

    Bill




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semsley


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Hi Mark

Agree with Bill. If the client does not get a "proper" VAT invoice then post it to T0 as you would with people who are not registered for VAT.

Sheila

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Marky65


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Hi Bill and Sheila

Many thanks again for your VAT help

And Bill seeing that both of your answers you quoted from the VAT700 I have now downloaded a copy. Don't think I will be printing it out though

Thanks and regards

Mark

-- Edited by Marky65 on Friday 12th of March 2010 08:32:25 AM

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M & G Associates

Website www.mgassociates-accountancy-services.co.uk/

Accountancy Services Plymouth, Bookkeeping Payroll Sage Training

 
Wella


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Hi Mark

I have Sheila to thank for pointing me to VAT700, it is the bible for most things VAT.

Just going back to your invoice problem, it does depend on how old the invoice is but you client can insist on a proper VAT invoice and the supplier is obliged to produce one for him.

Bill

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