Add Your Idea

PERMIT VAT REGISTERED BUSINESS TO INVOICE ANOTHER VAT REG BUSINESS NET OF VAT

Comment 6th July 2010

At present a VAT reg. business has to add VAT to an invoice to another VAT reg.company.

The VAT on the invoice has to be then claimed back from C&E.

If a EU VAT reg business exports to a U.K. reg. VAT business they are allowed to invoice net of the VAT

Surely it will save huge amounts of admin money from C&E and also free unnecessary paperwork from a small business if U.K. invoices can be sent without VAT added to an invoice for a VAT reg business.

Why does this matter?

At present staff have to check VAT returns and it seems a great waste of time, for a company to have to pay VAT, only to then be entitled to claim it back. This current needless arrangement results in small business having to tie up money for a time, until they can claim back the VAT paid on an invoice.


Highlighted posts


Add Your Idea

Comment on this idea

Good idea? Bad idea? Let us know your thoughts.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Back to top
Add Your Idea