Hello everyone
Im self employed and not VAT registered as my take home each year is below the threshold where you have to register yourself for VAT.
I invoiced my current agency on the job im working on at the moment 10 days ago for 3 weeks work, on the invoice it quite clearly stated VAT exempt, and on all the paperwork I sent back to them when I started I told them I was not VAT registered. They have paid me today and from checking my online banking they have added 17.5% on top of the total figure I put down in the invoice.
My question is should I keep quiet as its a mistake on their part, is there anyway it could come back to me if i dont tell them it was a mistake, its basically an extra £450 they paid me. Im not VAT registered so its not like im going to get inspected, and I can change my invoice when I see my accountant at the end of the year when he works out my tax. Or should I ring them and tell them they made a mistake?
Cheers
Mat
Im self employed and not VAT registered as my take home each year is below the threshold where you have to register yourself for VAT.
I invoiced my current agency on the job im working on at the moment 10 days ago for 3 weeks work, on the invoice it quite clearly stated VAT exempt, and on all the paperwork I sent back to them when I started I told them I was not VAT registered. They have paid me today and from checking my online banking they have added 17.5% on top of the total figure I put down in the invoice.
My question is should I keep quiet as its a mistake on their part, is there anyway it could come back to me if i dont tell them it was a mistake, its basically an extra £450 they paid me. Im not VAT registered so its not like im going to get inspected, and I can change my invoice when I see my accountant at the end of the year when he works out my tax. Or should I ring them and tell them they made a mistake?
Cheers
Mat
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