invoices, receipts

[i=p/u]

when i do work for someone can they ask for my invoice from wholesaler, so they can claim back vat.? even tho all items aint theirs...

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thanksssssssssssssss

 

[timbobelfast]

No, not unless it has their name and address on it the checky bugger!

 

[Geordie Spark]

They can ask by all means.

It's up to you to decide if you want to hand it over or not.

Personally, I used to keep every bit of paper - including bus / train tickets, receipts for newspapers / magazines etc. bar meals at the pub, till receipts for clothing - including socks & underwear - in fact anything & everything - and present the whole lot to my accountant at year end. It's amazing just how much you can claim / offset against tax.

 

[i=p/u]

well this guy said he wants to claim the vat back on materials, but i said the receipt is in my name.. he said doesnt matter...

but im giving him an invoice too..

 

[oldtimer]

You get yourself into some jams do you not so here is the deal when you buy materials you will pay VAT but me thinks you are a Sole Trader that is not VAT registered so you invoice the customer with no VAT but your customer wants to claim the VAT on your materials invoice well tell him no chance the only way around this is for you to tell him what materials to buy and for you to invoice for labour only only thing is that if you do this a lot HMRC will come a calling although not sure of the legal standing is here.

Remeber the Income Tax man you can talk to The VAT man takes no prisoners

 

[Amp David]

If its got his Company details on it and he pays the wholesaler then yes, I do it for 2 of my customers that are VAT registered.

If you've settled with the wholesaler then hes wanting the invoice then no.

 

[Rappid]

If I have paid cash for the materials, I will quite happily give them ithe invoice as long as they give me the cash.
If the materials are paid via my business account then no, as the materials are tax deductable because I'm not VAT registered.

 

[tigerpaul]

Your customer is taking the ****. All he wants is to see how much your mark up on materials is.
If you aren't bat registered then you haven't charged him any vat so there's none for him to claim back.
If you are vat registered then YOUR invoice to him will have vat added for your materials AND labour and that is the vat he will claim back.
Besides your invoice from the wholesaler is for your records not his. The only one he needs is the invoice from you to him.
He is trying to pull a fast one here!

 

[Amp David]

Pull a fast, ballcoks man!

I'm not VAT reg, so all materials I supply to 2 customers who are VAT reg, they can't claim the VAT back on said materials, as I would be invoicing them for the whole job.

Any wholesaler invoices I get that are for their job get a address label stuck onto it, then they pay that invoice to the wholesaler and they keep the invoice for their books and records.

As they've settle the invoice, what do I need the invoice for?

I only do this with 2 customer because I know they will settle up with the wholesaler on time.

 

[Rampage]

People in the Glossop area paying on time? I take it there not from Gamesley?!