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Post Info TOPIC: Invoice or Request for Payment - what's the difference?
Mad Liz


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Invoice or Request for Payment - what's the difference?
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A request for payment, which is not a VAT invoice, does not create a tax point (i.e. the point at which the supply of services is treated as taking place or the date when payment is made). The document should look as little like a VAT invoice as possible, e.g. by omitting the suppliers VAT registration number and showing a VAT-inclusive sum with no separate amount of VAT. It should also be clearly marked this is not a VAT invoice.

It is a way of delaying the obligation to pay VAT and is pretty much a pro forma invoice.

 

Oh, and welcome to the forum!



-- Edited by Mad Liz on Monday 30th of September 2013 03:41:32 PM

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Liz Needham FFA FIAB FFTA

Needham Accountancy Ltd
cath201


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Hi 

 

I'm hoping someone can help me please - what is the difference between recording an invoice and recording a request for payment - do you enter both as an invoice? What is the purpose of a request for payment?

 

Thanks

confuse



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cath201


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Thank you so much! and thanks for the warm welcome. I'm sure I'll be on here quite often! Hopefully I can help too!


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