VAT Invoice

Forum Categories › VAT ADMINISTRATION ISSUES › VAT Invoice

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  • 25 August 2022 at 15:50 #55808
    Katemorgan
    Member

    Hi,

    Supplier issued 50% pro-forma invoice which we paid. As the payment was made 30 days ago, they issued VAT invoice.

    Are we able to claim input VAT if we haven’t received good which are due to be delivered in 8 weeks?

    Thank you for your help.

    26 August 2022 at 06:29 #56268
    Trevor S
    Participant

    You can reclaim the VAT.  This is because the “time of supply” (tax point) is brought forward where either the customer makes payment or the supplier issues a VAT invoice, prior to delivering the goods.

    Your advance payment set the tax point, which then required your supplier to declare the VAT on that amount and issue their proper VAT invoice.

    26 August 2022 at 10:43 #56269
    Katemorgan
    Member

    This is very useful. Thank you very much.

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