Is it a legal requirement for a company to use sequential unique ref no on invoices? If so, why would a company not comply, what would they benefit? And if they don't comply, would HMRC even notice or do anything about it? Thanks for any guidance.
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Invoices - is a unique ref no essential?
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The invoice number can be numerical, or it can be a combination of numbers and letters, as long as it forms part of a unique and sequential series.
A VAT invoice must show: An invoice number which is unique and follows on from the number of the previous invoice - if you spoil or cancel a serially numbered invoice, you must keep it to show to a VAT officer at your next VAT inspectionJoin IPSEComment
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https://www.gov.uk/invoicing-and-tak...y-must-include
Having a sequential number makes it easier to see which have been paid and which are outstanding. Something that might prove useful if you wanted to demonstrate to HMRC that you're in control of Your Cos finances and that everything is above board.Comment
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Originally posted by Pondlife View Posthttps://www.gov.uk/invoicing-and-tak...y-must-include
Having a sequential number makes it easier to see which have been paid and which are outstanding. Something that might prove useful if you wanted to demonstrate to HMRC that you're in control of Your Cos finances and that everything is above board.Comment
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AFAIK the unique sequential requirement only applies to valid VAT invoices although I don't think there's anything stopping you from having more than one sequence (e.g. CLIENTA-001, CLIENTA-002, CLIENTB-001 etc.).Comment
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Originally posted by TheCyclingProgrammer View PostAFAIK the unique sequential requirement only applies to valid VAT invoices although I don't think there's anything stopping you from having more than one sequence (e.g. CLIENTA-001, CLIENTA-002, CLIENTB-001 etc.).Comment
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Originally posted by TheFaQQer View PostIn some countries (Italy?) the sequence must be numerical and have no gaps in it at all. That way it makes it harder to "lose" an invoice and pocket the cash, and why you always get a receipt for everything.
What's the procedure if you accidentally issue two invoices with the same number.Down with racism. Long live miscegenation!Comment
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Originally posted by NotAllThere View PostAnd and a right pain it can be as well. I remember implementing SAP for an Italian company.
What's the procedure if you accidentally issue two invoices with the same number.Comment
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Originally posted by NotAllThere View PostAnd and a right pain it can be as well. I remember implementing SAP for an Italian company.
What's the procedure if you accidentally issue two invoices with the same number.Comment
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