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Paying cash for work through Ltd

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    Paying cash for work through Ltd

    I need a small piece of design work doing for my Ltd co, and one of the people I'm considering using has suggested that cash would be their preferred method of payment. I am also guessing that:

    a) They are not VAT registered
    b) I wont receive an invoice from them

    Can I generate an invoice on their behalf and put it through myco as usual, paying them direct from myco? Then what they do their side is their business ...

    #2
    Originally posted by Spoiler View Post
    I need a small piece of design work doing for my Ltd co, and one of the people I'm considering using has suggested that cash would be their preferred method of payment. I am also guessing that:

    a) They are not VAT registered
    b) I wont receive an invoice from them

    Can I generate an invoice on their behalf and put it through myco as usual, paying them direct from myco? Then what they do their side is their business ...
    VAT isnt an issue since a company doesnt have to be registered unless their T\O is at or above prescribed limits.

    Nothing to stop you creating a sales invoice for the work even if you pay them cash. You cant create an invoice for them though.
    I couldn't give two fornicators! Yes, really!

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      #3
      I create a remittance advice as BB said. This keeps my accounts tidy.

      http://en.wikipedia.org/wiki/Remittance_advice
      "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
      - Voltaire/Benjamin Franklin/Anne Frank...

      Comment


        #4
        That's what I'm looking for, thanks both.

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