Courier Business Stuff

You pay the invoice minus the VAT and send him a covering letter.

Posted under Courier Financial Issues, Uncategorized, VAT

Actually you’re meant to charge yourself the VAT by putting it in box 2 on your VAT return. You’re then meant to reclaim it by adding it to your box 4 figure. Under normal circumstances this will mean that your VAT liability is unchanged.

BUT… if you’re on the Flat Rate Scheme you can’t recover this VAT – your £85 fare increases your VAT liability by £14.88.

Posted under VAT

Unfortunately for them they’re talking bollocks.

Firstly it only applies to employees, not the self-employed who should be keeping proper records anyway.

Secondly the ruling only means that employees’ fuel reimbursements will have to be supported by a VAT receipt if the company wants to reclaim the VAT and only the VAT paid on fuel used for business purposes will be recoverable.

Posted under Courier Financial Issues, Mileage Allowance Scheme, VAT

For international transport within the EU where the customer is registered in a different EU country you have to obtain their VAT number and invoice them without VAT (showing their VAT number on the invoice as well I think).

If you can’t get the VAT number then you’re meant to pay the VAT in the country where the goods were collected – although quite how you’d go about accounting for VAT in Germany when you’re based in the UK I don’t know.
 

Posted under VAT

Unless you’re dealing with a consumer (which you’re not) it’s up to the customer to find out whether your quote includes VAT or not – if it makes any difference to him.

If you agreed £100 and you’re VAT registered then he owes you the money, no argument.

As he’s obviously dropped a b****ck maybe you could offer to split the difference with him – it’s only a few £ after all.

Posted under Courier Basics, Courier Financial Issues, Late Payment, VAT