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Post Info TOPIC: 1 supplier invoice needs to be split between 2 companies


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1 supplier invoice needs to be split between 2 companies
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Any advice on this would be appreciated.

I have a client who runs 2 separate companies, one is VAT registered and the other isn't.  He receives a couple of supplier invoices that relate to both companies, i.e. the premises rent invoice needs to be split between the 2 companies, his phone invoice, insurance etc.  what is the correct way to deal with this?

I have got myself in a muddle with this and my brain will not see a clear way to sort the issue, so that the correct amount shows in each company.  

TIA for any advice you may have...

 



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Guru

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Which Company name is on the suppliers invoices? that should help answer the question.

Also are you 100% sure that these are indeed 2 separate Companies for VAT purposes? 



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



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Sounds like artificial separation for VAT. You might have to report under AML.

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