Personal expense invoiced to my company

[SuperLooper]

I've ordered something for my own personal use, paid with my personal credit card. It was never intended to be a business expense.

I ordered it from a supplier I've previously used for business expenses, and in my haste I ordered the item with my company's name and VAT number showing on the invoice.

From an accounting perspective, do I need to do anything here? The expense has never gone anywhere near my company accounts, so I'd like to think I can completely forget about it, but the supplier has an order in their books giving my company as the customer, so if they're ever audited for VAT could that cause problems for me later? To be clear, they did charge VAT on the purchase.

[ladymuck]

Put the cost to your DLA and then deduct it from any salary / dividends you draw out of the company

[malvolio]

Put the cost to your DLA and then deduct it from any salary / dividends you draw out of the company

Don't think any money hit the account, just the "personal" details on the entry.

Can't see it causing any problem myself.

[Maslins]

No problem I can see, forget about it. I note you stress they did charge VAT.

The only time I could see this potentially being iffy would be if it was an EU order where by providing your company's VAT details to them, they decided it was a B2B sale, so didn't charge VAT, relying on you to implement reverse charge. Then you'd have illegally avoided paying VAT by lying to the supplier.

[SuperLooper]

No problem I can see, forget about it. I note you stress they did charge VAT.

Perfect, thank you.

[northernladuk]

If I were you I'd write to Spearmint Rhino and ask for both your personal and business details to be removed and start afresh at the weekend

[ladymuck]

Don't think any money hit the account, just the "personal" details on the entry.

Can't see it causing any problem myself.

Whoops, you're quite right, I misread.