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Signed receipts for payments made to VAT registered subcontractors?

Signed receipts for payments made to VAT...

A new client of our is asking for signed receipts relating to payments made to our limited company (we are the sub-contractor) as we are VAT registered. This is the first time we have been asked to do this in 8 years of trading, Our client says this is part of the VAT regulations regarding payments to VAT registered sub-contractors. Has anybody heard of this. Thanks in advance.

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22nd Feb 2016 13:41

No

I've never heard of such a thing.

Ask them for a reference to the VAT regulation.  I would imagine this would immediately go away.

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22nd Feb 2016 13:50

Yes

Are you in construction? It's usually for self-bill arrangements where no VAT invoice has been provided. If you've supplied an invoice then you've fulfilled your obligations, but if it is a large contractor your payments will simply stop if you don't provide the signed receipt.

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22nd Feb 2016 13:54

Ah !

Sandnickel wrote:

Are you in construction? It's usually for self-bill arrangements where no VAT invoice has been provided. 

Ah - gotcha !  That sounds reasonable.

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22nd Feb 2016 13:51

Are they muddled?

perhaps they mean they want a VAT invoice to cover payments they may have made on application or pro-forma.  They may also be referring to the monthly statement of payment/deduction that you will be sending out?

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