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StuartAnder


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VAT question
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Im a little confused now after reading some of the posts about VAT.
If a vat reg business recieves an invoice from a non vat reg business i take it means that the vat reg business can not reclaim vat on it. silly question i know!!

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Shamus


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Hi Stuart.

There are no silly questions, only silly answers.

In this scenario the non VAT registered business would not have VAT on it's invoice.

The VAT registered business would include the amount of the invoice in the box 6 figure but there would be no associated VAT to include in box 1.

Conversely, if a VAT registered business issues a VAT invoice to a non VAT registered business then the non VAT registered business must treat the whole sum as the invoiced amount.

For example, £100 plus £17.50 VAT for services to a non registered business would be treated as £117.50 for services.

Hope that this helps,

Shaun.



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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.
StuartAnder


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Yep, thats great thank you. It was a silly question but just need clarification.

Thanks

Stuart

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Dew


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Hello

I have a question as well related to VAT returns. Few things that always confuses me.

We are VAT registered.

*UK purchase invoice with no VAT on it (for example - supplier is not registered, not charging VAT for any other reason or it is a receipt for parking, congestion, etc charge that is not VAT taxable)...is it going to BOX 7??
*purchase from EU country outside UK with no VAT on it and there is no info if the company registered for VAT. Is it going to BOX 7 or 9?
*purchase outside EU do I need to put in any of the purchases boxes on VAT return form?

The answers would help A LOT :)

Many thanks


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Rhianrach


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Box 7 should include all purchases that have a vat code T0, T1, T2 and T5, (thats all I use) anything that is T9 (out of scope ) doesn't need entering in box 7.

As for EU I've never dealt with it so can't give an answer sorry.

Steve

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Steve
RobH


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Steve's T codes will only make any sense to you if you use Sage.

Uk purchase with no vat will go to box 7
EC purchases will go in 7 and 9
I don't think you would report purchases outside of EU on the vat form (but I stand to be corrected on that one)

Rob

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Rob
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Dew


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I thought so that it's something to do with sage :)

Thanks Rob, that really helps.

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