We will have to register for VAT within next 2 month as coming to the treshold. When we become a VAT register how do we record purchases. Lets say I buy 200 different products from same company once a week. I pay all in one go (example £2400). Then company emails me an invoices for each item individually. How do I record this sale as on my Kashflow account as it apears as one payment. The £2400 includes VAT so will I have to pay minus VAT or same as before but show in books that this included VAT. Or I have to supply their company with my VAT number so they send invoices without and payment will exluded VAT?
Curently get invoice with this format:
PVC Book Shelf
Postage: 0.00
Price: £10.0
VAT: £2.00
Total: £12
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