- This topic has 19 replies, 7 voices, and was last updated 15 years, 6 months ago by
.
-
Posts
-
Re: Sending Back Invoices
If the claim was invoiced in the period prior to December, then yep it would be at 17.5{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d}. You should be able to log the invoice date as the date in December.
Any claims that have an invoice raised in January, even if the work was done in December, would be at the 20{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} rate.
I hate changes to the VAT rate, causes chaos.
K.
Re: Sending Back Invoices
But how can I?
If I raise an invoice now that I have received payment, as instructed, the computer will date it today and raise it with 20{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} VAT.
What is going to happen is I will raise an invoice which will be £48.96 plus £9.79 VAT instead of £50 plus £8.75 VAT.
Now £1.04 is niether here nor there (unless you have done a load of repairs) , but the invoice is not going to agree with Amica’s self billing one.
Re: Sending Back Invoices
You should be able to raise a backdated invoice, both Sage and, from memory, Quickbooks allow for that. You need to be able to do that for things like this so that the tax matches and, it can be required for your VAT accounting period to be correct as well.
K.
Re: Sending Back Invoices
kwatt wrote:I assume you mean the VAT change Mark.
Actually, it makes it a LOT easier.
Simples. Actually a lot, lot simpler than faffing about with invoices from different periods with different VAT rates on them.
K.
Just back date the invoice to the date you did the job, Bazza. Even if its in a different vat period for you, you still will not have had to post/submit your return yet, assuming of course you leave it to the last minute like the rest of us!
- You must be logged in to reply to this topic.