VAT Invoice for NETP

[Standby]

Hello everyone!

If limited company (VAT Registered) issued invoice for another UK limited company (also VAT registered) with NETP status, should be include 20% or 0%?

and in other hand - if NETP company received VAT invoice with 20% VAT, can they include this 20% VAT as input VAT in their VAT Return?

Thank you in advance!

 

[Paul Kelly ICHYB]

That depends on the goods/services, doesn't it?

That I understand, NETP has no effect on VAT except that it has to be registered.

 

[Standby]

That depends on the goods/services, doesn't it?

That I understand, NETP has no effect on VAT except that it has to be registered.

It is about services.

 

[Bobbo]

It is about services.

... what type of services?

 

[Standby]

... what type of services?

Mainly marketing

 

[GLAbusiness]

As I understand it there is zero threshold for registering. After that all the normal rules for VAT rates, reclaims etc. apply.