VAT Issue?

Posted by marine PM | on Thu, 15/03/2012 - 08:24 745 7 comments | report

Just working on a client's accounts and have noticed that Company A which is VAT registered has been receiving a management charge from company B which isn't VAT registered - NET OF VAT.

Both companies are run by the same husband and wife and are associated.

Am i right in thinking that the charge should have been standard rated?

Comments

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VAT Charge

Oldmanwetmix | Thu, 15/03/2012 - 09:52

I thought so!

marine | Thu, 15/03/2012 - 10:32

I may be wrong ...

Old Greying Accountant | Thu, 15/03/2012 - 10:48

unless they are a VAT group

mark hodges | Thu, 15/03/2012 - 12:37

VAT on shared expenses

Oldmanwetmix | Thu, 15/03/2012 - 14:58

Hang on, who is paying who?

Chris Smail | Thu, 15/03/2012 - 17:23

I read it as ...

Old Greying Accountant | Fri, 16/03/2012 - 15:44