Please clarify the position on a VAT issue.
We receive an invoice for flights (which is non vatted) and it goes through our books. We then re-invoice another company for the same item. Do we then have to charge VAT?
I'd appreciate some help with this. Thanks.
Re-invoicing a non-vattable item.
2 posts • Page 1 of 1
by Lambs on Sun Aug 27, 2006 5:57 pm
D,
Unfortunately, this can become quite a complex query and it will depend very much on the nature of the supply you make to your customer company and your relationship with the customer - e.g. are you acting as an agent for the customer, when you 'buy' the service?
We do have some specialised VAT consultants who frequent the forum, being Steve Allen / Andrew Needham of VAT Solutions, and another firm called VATEase.
You may well benefit from contacting either of them directly.
Regards,
Lambs
Unfortunately, this can become quite a complex query and it will depend very much on the nature of the supply you make to your customer company and your relationship with the customer - e.g. are you acting as an agent for the customer, when you 'buy' the service?
We do have some specialised VAT consultants who frequent the forum, being Steve Allen / Andrew Needham of VAT Solutions, and another firm called VATEase.
You may well benefit from contacting either of them directly.
Regards,
Lambs
- Lambs
- Posts: 846
- Joined: Wed Aug 06, 2008 3:15 pm
2 posts • Page 1 of 1
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