VAT receipts

J_B

littlerussell wrote: »

If I calculate the VAT rate myself, I am told that the auditors won't like that ...

Tell them not to be so flipping (insert better expletive if required) awkward.


Get your pen and calculator ...

109.99 ÷ 6 = £18.33 of vat
x 5 = £91.66 net figure


If they don't like it, tell them to waste time dealing with Argos!!!

bris

Deadlines

Usually VAT invoices must be issued within 30 days of the date of supply or the date of payment (if you’re paid in advance).


They have 30 days to issue a VAT receipt, they don't need to provide one on the day of purchase but do have to provide one when requested

neilmcl

bris wrote: »

Deadlines

Usually VAT invoices must be issued within 30 days of the date of supply or the date of payment (if you’re paid in advance).


They have 30 days to issue a VAT receipt, they don't need to provide one on the day of purchase but do have to provide one when requested

^This. Wait until up to 30 days and request the VAT invoice.

The school will not lose out on the VAT reclaim, as there will be at least another 30 days before they'll have to account for it in their next VAT return, ie, the deadline for filing a VAT return is one month and 7 days after the accounting period. So even if their accounting period ends this month they will not be required to file the VAT return until 1st week of November, which is plenty of time to get the correct VAT invoice.

Fosterdog

Going by the table here
https://www.gov.uk/vat-record-keeping/vat-invoices

As the value is under £250 they only have to provide a simplified VAT invoice which includes everything they already print on their in store receipts, there is no requirement for them to actually provide the breakdown for you. They just have to provide their address, their VAT number, a description of the goods, and the total price.

Places I've worked previously tried to insist on full VAT invoices not because they are legally required but because it saves their account departments a few second of doing the very simple calculation themselves.

neilmcl

Fosterdog wrote: »

Going by the table here
https://www.gov.uk/vat-record-keeping/vat-invoices

As the value is under £250 they only have to provide a simplified VAT invoice which includes everything they already print on their in store receipts, there is no requirement for them to actually provide the breakdown for you. They just have to provide their address, their VAT number, a description of the goods, and the total price.

Places I've worked previously tried to insist on full VAT invoices not because they are legally required but because it saves their account departments a few second of doing the very simple calculation themselves.

Totally agree. OP, your issue really is with your finance dept being difficult, not the retailer.

unholyangel

Fosterdog wrote: »

Going by the table here
https://www.gov.uk/vat-record-keeping/vat-invoices

As the value is under £250 they only have to provide a simplified VAT invoice which includes everything they already print on their in store receipts, there is no requirement for them to actually provide the breakdown for you. They just have to provide their address, their VAT number, a description of the goods, and the total price.

Places I've worked previously tried to insist on full VAT invoices not because they are legally required but because it saves their account departments a few second of doing the very simple calculation themselves.

They also need to show the rate vat is charged at per item and a unique invoice number - the receipt may comply with the latter, but from what OP has said, it doesn't comply with the former.