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vat

  • 3 posts
  • # 94450

hey guys, wondered if anyone can help me with purchase invoices that show the suppliers vat reg no, but dont show any vat being charged. have they already included it in the total? have they not charged vat, however i thought that all vat reg. companies have to charge vat?? do i work out the vat myself and put it  in my vat accounts? some help would be great Laughing Thanks 
  • 794 posts
  • # 94451

Hi,

Is this an invoice or a receipt?
Maybe the goods purchased are zero rated therefore no vat would be charged?

Marilyn
   

  • A clever person solves a problem.

    A wise person avoids it.

    Albert Enstein


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  • 3 posts
  • # 94452

It's an invoice given to my company.
  • 794 posts
  • # 94455

Hi,

Without actually seeing the invoice it is difficult to advise properly.
However, if there is no Vat being charged or at the very least a breakdown of the Vat
e.g. 
Goods @ zero rate £100
Goods @ 20% vat  £100 Vat  £20.00

then I would not reclaim vat as there is no vat shown on invoice.

If it had been a receipt for say about £10 and you had the vat number on the receipt and you knew the goods were 20% vat rated then I would claim back the vat.

Maybe the goods are just zero rated? Why not contact the supplier as maybe they have made a mistake?

Marilyn     
 
    

  • A clever person solves a problem.

    A wise person avoids it.

    Albert Enstein


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kjmcculloch
  • 1159 posts
  • # 94457

Is it maybe a proforma invoice and not a VAT invoice?

Kris 
  • 3 posts
  • # 94458

thanks for your response guys! think ive sorted it now, went onto their website and their prices are inclusive of vat, hmrc website then says to work out the vat yourself for your vat return. im hoping im doing this all right as im new to this bookkeeping lark hehe but you can never be quite sure, many thanks, holly  
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