Check of VAT Repayment

Check of VAT Repayment

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I  just received a letter to send some information to the Credibility VAT Office and I have a couple of queries. One of my suppliers is in the process of registering for VAT, has issued an invoice with VAT but obviously there's no VAT number. What's the VAT Office's view on this? Do I have to take out that invoice from the claim until the supplier is able to provide a number? Also how's the process of checking suppliers invoices and invoices issued by my company? Are they contacting everyone involve to check is they are as per return?

Thanks for the help.

Ana  

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chips_at_mattersey
By Les Howard
18th Apr 2011 09:45

VAT Repayment Returns

I have started to see more of these checks being carried out recently. My impression is that they are selected badly, and undertaken clumsily!

HMRC don't cross-check the output tax on all the suppliers' invoices. Although if any raise any cause for concern they will dig a little deeper. Where there is no VAT number, it depends very much on the common sense (or lack) of the Officer reviewing the file. It may be that they will disallow that input tax, arging that the invoice is not a VAT invoice.

The bigger problem is cash flow, since HMRC may take several weeks to do very little! Do send them reminders, and do press for a Repayment Supplement if they delay making repayment.

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