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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> To reclaim or not to reclaim
Post Info TOPIC: To reclaim or not to reclaim
tayorich


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To reclaim or not to reclaim
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Hi all,

Could you give me some advise re the following scenario.

My client raised an invoice back May and paid the invoice in batches.  She paid the last instalment (which happens to be the vat element of the invoice) within the current vat submission period.

Is it just a simple case of claiming the vat on the 1800 she paid in September or do I have to go back and make sure that her previous book keeper hadnt worked out the vat on the net amount and done a submission on that?



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BackOfficeGroup


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I would definitely look back at the records, as the previous bookkeeper may well have put in the whole of the invoice + VAT, depending on how your client deals with invoices etc. Something should have been done with the VAT, it alld epends on what, which needs further investigation, even if it is kust to put your mind at rest!

btw I take it you do mean your client recieved an invoice rather than raised one.

P

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semsley


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You will also need to check whether the client operates cash accounting or not, if so partial VAT should have been reclaimed on each payment.

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