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The Book-keepers Forum -> General Book-keeping & Accounting -> Should VAT be charged on a credit note for damages?
Post Info TOPIC: Should VAT be charged on a credit note for damages?
betty


Member

Status: Offline
Posts: 22
Date:
Should VAT be charged on a credit note for damages?
 

I wounder if anyone can help?

1. An invoice was raised.

2. Accident happened to the clients goods and a credit has been requested for the amount that the repair company is charging which excludes VAT.

For example:

Invoice raised: 420 + VAT of 84 = 504

Clients Repair Company: 295 + No VAT = 295

Credit to be raised: 295 + ? = ?

When I raise the credit should I include VAT ?

 



__________________
M. Small
gbm


Guru

Status: Offline
Posts: 896
Date:
 

Yes.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 

betty


Member

Status: Offline
Posts: 22
Date:
 

Thank you

I just wasnt too sure.

 



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M. Small
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