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Post Info TOPIC: VAT returns?
luci


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VAT returns?
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Sorry to be a pain but just need to check something.
I am trying to do a vat return for a client but they have put their vat number on invoices and then the money has gone into a head office account as its part of a franchise. My understanding is that they must include these on their return even though they have not recieved the money, this means their vat bill is large for them.
Can any one suggest any ideas? and am i right in my thinking that it must be included regardless?

Luci

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Dustin57


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If they don't receive the money then there shouldn't be a VAT liability. Normally a franchise will charge a commission based on turnover, not keep all of the receipt. Can you explain a bit more please?

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