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grace347
Starting Member
United Kingdom
36 Posts |
 Posted - 02 January 2009 : 17:20:42
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Hi there,
We are preparing details for impending bankruptcy, and looking for some advice with regards to incorrectly charged VAT on invoices.
Some invoices included VAT at a time when they shouldnt have been charging it. In total the amount of VAT charged to clients in genuine error was approx £3k. This was for the first three invoices that went out at the start of the business.
It was a genuine error, we are quite concerned about this, does anybody know what are the consequences of this would be and how it would be handled by the OR.
Is this an illegal/criminal offence?
Many thanks
Jennifer x
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 January 2009 : 17:37:39
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Hi Jennifer
This is one of those subjects that i dont really know much about so im going to have to say sorry that i cant help you.
I take it it was invoices that you charged customers for. Have they paid the invoices to you? Just wondering really. Dont go panicking you will get this sorted out.
LOL
Jo
x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring! |
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grace347
Starting Member
United Kingdom
36 Posts |
Posted - 02 January 2009 : 17:43:37
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Hi there,
Thanks for that Jo, yes these were invoiced during the very first months of the business and paid to my partners business :-/
Jennifer xx |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 02 January 2009 : 18:00:16
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Hi Jennifer
I think this is one subject that i am going to have to pass over to someone who knows as i am only new and can only help on certain things, altough i am learning, albeit slowly.
I hope that you get it sorted out :-)
Take care
Jo
x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring! |
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grace347
Starting Member
United Kingdom
36 Posts |
Posted - 03 January 2009 : 06:36:02
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Hi,
Just bumping this up, anybody know anything about it??!
Many thanks for any help or advice as always
Jennifer x |
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VAT incorrectly charged
