a question regarding VAT

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rebecc13

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Post by rebecc13 » Thu Aug 12, 2010 8:45 pm
Hello I have a question regarding VAT which I hope you can help with. I am self employed and VAT registered and have just been asked by my IP to reclaim VAT on all the invoices they have raised in my name (c/o their address) for their charges. As the amount is really quite high (I'm 3.5 years into my IVA) I just wanted to check that this is standard procedure? I have been asked to include this in my next VAT return and once I receive the money to forward a cheque to them in my name (IVA).
 
 

MelanieGiles

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Post by MelanieGiles » Thu Aug 12, 2010 8:49 pm
You can't do this - the VAT office will not allow the reclaim of VAT on IP invoices, as they are not deemed to be business expenses.
Regards, Melanie Giles, Insolvency Practitioner
 
 

luluj

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Post by luluj » Thu Aug 12, 2010 9:03 pm
Surely the IP should know that and to ask could be deemed as fraudulent ! Unfair on the poster to ask them to do it ! Take Mel's advice and say no.
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rebecc13

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Post by rebecc13 » Thu Aug 12, 2010 10:07 pm
Thanks for your advice, much appreciated. Really glad I asked as it could come back to haunt me several years down the line if I had a VAT inspection. [:)]
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