Topic: VAT invoices
SI have three limited companies and have recently set up a VAT group and hence share the same VAT reg. number.
I have the following questions relating to VAT group registration and VAT administration issues:
1. I How do I show details of the VAT group on the invoices of various companies? n terms of the invoices, I understand it is a legal requirement is to show the company name, trading name, address, VAT number etc of the supplier- company’s details should I show.
2. The entities also supply services between themselves. Is VAT ever due on supplies between group members?
3. How is input tax recovery treated within VAT groups? What happens if the group is partly exempt?
4. Who is liable for the debts, obligations and VAT errors of the VAT group?
Sorry too many questions.
Thanks in advance