None VAT registered invoicing a VAT registered company

[Silverfox666]

Hi,

I have a none VAT registered ltd company. I am going to voluntarily register for VAT shortly but in the meantime I am having to invoice a company I have done work for. The question is:

I am a broker who has paid for a service and they have added VAT to the onvoice they are giving me. I now need to invoice my client, who is also VAT registered. However, I am not. So do I add VAT to my invoice or not? If not, then I lose out on the paying more for the original serice.

[Spongebob]

No, you can't.

It doesn't take long to get a VAT reg no, though. A week or so.

Can you hold off invoicing your client until you are registered?

Then have a word with your supplier and see if they can credit the original invoice and then re-invoice you after your date of registration.

Not strictly legit but I'm sure we've all seen a lot worse!;)

[Maslins]

Kinda like Spongebob says, except when you register for VAT you can reclaim VAT on services from the last 6 months entirely legitimately, hence no need for supplier to credit & reinvoice.

I'd suggest registering for VAT now, and as suggested, hold fire on sending your invoice out.

[Spongebob]

Kinda like Spongebob says, except when you register for VAT you can reclaim VAT on services from the last 6 months entirely legitimately, hence no need for supplier to credit & reinvoice.

I'd suggest registering for VAT now, and as suggested, hold fire on sending your invoice out.

That's even better. I didn't know that.

It just goes to show, if the question is about anything other than insolvency don't take any notice of old Spongebob...

Ask an accountant! :):):)

[UKSBD]

You should have asked Patrick , he would have known ;)