My client has received an invoice from Adobe Creative Cloud. When entering it on to Kashflow, there is a difference in the amount of VAT that should be charged. My calculations and Kashflow's calculations match (£7.63) but the amount stated on the invoice is different (£8.76). Can anyone suggest a reason why and which do I go with? If I go with my calculation the total invoice amount obviously differs, if I go with there's the VAT return will be incorrect?
Really needed to know what the original figures were rather than just the VAT but quick thumb nail calc I think that the original VAT inclusive amount £45.78, yes?
Which country is the service hosted in? If Germany then isn't the VAT rate there 23%
Calculating that out (#1) I get it to £8.77 rather than £8.76 but it seems as though that may be your reasoning.
kind regards,
Shaun.
#1) 45.78 should be 7.63 VAT so £38.15 excluding VAT *1.23 = 46.92 - 38.15 = £8.77 (#2)
#2) Or indeed 46.92/1.23 = £38.15
-- Edited by Shamus on Saturday 15th of February 2014 11:34:12 PM
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Is your client set up with Abode as a business or as a private relationship?
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Fingers crossed someone with lots more expertise with VAT on cross border services will be able to fill out more detail.
kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
