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Post Info TOPIC: VAT charges on invoice are incorrect
Cheshire


Master Book-keeper

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VAT charges on invoice are incorrect
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Hi

I have a couple of supplier invoices where they have worked out the VAT wrong (all the items on the invoice are vatable  - just looks like someone cannot do maths!).  In each instance the VAT has been underca;culated but only by a few pence.

Am I correct in saying that I should adjust the invoice so that the VAT portion is correct and the actual 'purhcase' element is therefore reduced?



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
FoxAccountancyServices


Expert

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Ummm.. if they have charged you the wrong VAT, that's not your problem. One can assume that they have paid over the same VAT so you should claim it.

You sure its not because an early repayment discount was offered?

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Cheshire


Master Book-keeper

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No early settlement discount - tried that one - haha! Hand written invoices so just looks like dodgy adding up.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
FoxAccountancyServices


Expert

Status: Offline
Posts: 2021
Date:
Permalink Closed

One can only assume that they would re-issue you with the corrected invoice, if they had spotted it. So you can only guess that they have paid that VAT over. Again, not your fault, so just claim what you have been charged. Its their fault if they have paid over the wrong amount. Thats the way I see it anyway..

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Cheshire


Master Book-keeper

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Im going to give my client a nudge to keep an eye out - they dont deal with them very often

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
FoxAccountancyServices


Expert

Status: Offline
Posts: 2021
Date:
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Wouldn't mind giving my client the kind of nudge that knocked his eye out  biggrinbiggrinbiggrin



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Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
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It can be arranged - I have a good right hook!!   matrixfight.gif



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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