Should I add VAT on invoice?

Discussion in 'Accounts & Finance' started by lolage, Nov 29, 2012.

  1. lolage

    lolage UKBF Newcomer Free Member

    Posts: 101 Likes: 3
    Hi

    Basically I quoted £100 to make a video for a business. They now want me to invoice them, and am starting to regret not mentioning it would be £100 not including VAT.

    I am kind of new to business, so should I just learn from this and take it on the chin - or should I be cheeky and put on the invoice £100 excluding VAT so they would have to pay £120 in total?

    Cheers!
     
    Posted: Nov 29, 2012 By: lolage Member since: Jan 27, 2011
    #1
  2. elainec100@cheapaccounting

    elainec100@cheapaccounting UKBF Newcomer Full Member

    Posts: 13,271 Likes: 2,878
    Did you tell them you are vat registered? Is it shown on your letter head, web site etc?
     
    Posted: Nov 29, 2012 By: elainec100@cheapaccounting Member since: Nov 4, 2005
    #2
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  3. lolage

    lolage UKBF Newcomer Free Member

    Posts: 101 Likes: 3
    I'm not VAT registered yet, but I plan on keeping all my receipts/invoices for when I do become VAT registered next year.
     
    Last edited: Nov 29, 2012
    Posted: Nov 29, 2012 By: lolage Member since: Jan 27, 2011
    #3
  4. elainec100@cheapaccounting

    elainec100@cheapaccounting UKBF Newcomer Full Member

    Posts: 13,271 Likes: 2,878
    You cannot charge vat if you are not vat registered ;)
     
    Posted: Nov 29, 2012 By: elainec100@cheapaccounting Member since: Nov 4, 2005
    #4
  5. lolage

    lolage UKBF Newcomer Free Member

    Posts: 101 Likes: 3
    Sorry for my lack of knowledge, then what is the point in keeping all my documents for when I do become VAT registered then?
     
    Posted: Nov 29, 2012 By: lolage Member since: Jan 27, 2011
    #5
  6. elainec100@cheapaccounting

    elainec100@cheapaccounting UKBF Newcomer Full Member

    Posts: 13,271 Likes: 2,878
    Posted: Nov 29, 2012 By: elainec100@cheapaccounting Member since: Nov 4, 2005
    #6
  7. cheaper accountant

    cheaper accountant UKBF Newcomer Full Member

    Posts: 403 Likes: 56
    Posted: Nov 29, 2012 By: cheaper accountant Member since: Oct 20, 2012
    #7
  8. Scalloway

    Scalloway UKBF Legend Free Member

    Posts: 7,005 Likes: 1,700
    If you do the work prior to your VAT registration and you backdate your registration you will have the option of taking the VAT from the £100 or sending a further invoice for £20 VAT.
     
    Posted: Nov 29, 2012 By: Scalloway Member since: Jun 6, 2010
    #8
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  9. kevin.doran

    kevin.doran UKBF Ace Full Member - Verified Business

    Posts: 1,564 Likes: 285
    I presume you are keeping your receipts etc to help compile your year end accounts? It's nothing to do with VAT...
     
    Posted: Nov 30, 2012 By: kevin.doran Member since: Nov 28, 2011
    #9