Hi All,
Got a query regarding paying VAT on a govt contract... It's all getting a bit confusing for us.
So we got awarded a government research contract to complete a scientific research project towards a medical device product. Much of the work is outsourced to a university in Europe, as they have the skills and experience to do a key part of the project. The advice we received was to send invoices in to the administrators of the money, allowing for VAT on the VATable items...
With the subcontracted work not attracting VAT, that indicates that we submit an invoice which contains two parts... A VAT element for our side of things, inc buying materials etc and a non-VAT element for the subcontracted work.
Does that sound right? It seems odd if we have to pay VAT on work which doesn't attract VAT!
Thanks, CS.
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