Retrospective VAT application

[r0bly0ns]

Can I ask why you would want to do this.

AFAIK if you didn't put "VAT Pending" on your invoices you can't do so, which means you'd have to stump up the VAT from your own pocket.

Talking from experience, this is not true, you are legaly obliged to bill for VAT from your registration start date, and your customers are legally obliged to pay it.

However it does make things a damn sight easier if you warn them up front if you are registering for VAT.

We didn't put anything about VAT on our first invoice, and when the VAT reg came through we had to issue a credit for the whole invoice, then reissue with VAT added. So it took us nearly 90 days to get our first invoice paid!

[TheFaQQer]

When you set up a business you are suppose to have plans including financial predictions of your turnover at least for the first year.

Yep - the plan was that I'd get one contract under the threshold. But I'm so good, I got two, and need to register for VAT now.

Dead easy to explain.

[SueEllen]

Not naughty - how were you meant to know what your turnover was going to be?

When you set up a business you are suppose to have plans including financial predictions of your turnover at least for the first year.

[TheFaQQer]

I am looking at regaining the difference between the flat rate and the amount invoiced. My agency are OK with me resubmitting the invoices with VAT pending but is it slightly naughty to only apply for the VAT number now?

Not naughty - how were you meant to know what your turnover was going to be?

When you get the VAT certificate, you can then reinvoice for the VAT element from the date on the certificate onwards. You cannot claim VAT for any period before then.

[TheFaQQer]

Lazy or tried to seach for it but got nothing back of use ???

Maybe you shouldnt be so quick to jump on people.....

Search facilities are great....if you know the magical combination of words to put into them to bring back exactly what you want......

.....I do thank you for the answer though.....

Try:

vat registration waiting
vat registration pending

and see what comes back.

HTH

[Rangster]

Can I ask why you would want to do this.

AFAIK if you didn't put "VAT Pending" on your invoices you can't do so, which means you'd have to stump up the VAT from your own pocket.

I am looking at regaining the difference between the flat rate and the amount invoiced. My agency are OK with me resubmitting the invoices with VAT pending but is it slightly naughty to only apply for the VAT number now?

[dx4100]

It's posted all over this forum if you can be bothered to do a search.

Anyway because you are too damn lazy:
1. Submit your invoice with the words "VAT registeration pending"
2. Leave the vat figure of your invoice
3. Once you get your registration number then submit an invoice for the VAT

Lazy or tried to seach for it but got nothing back of use ???

Maybe you shouldnt be so quick to jump on people.....

Search facilities are great....if you know the magical combination of words to put into them to bring back exactly what you want......

.....I do thank you for the answer though.....

[SueEllen]

I have a similar issue...

I have just sent my forms off to register for VAT and sent my flat rate application along with it.

I start my first contract on the 1st April and will be sending my first invoice on the 30th April. Apparently the VAT department are taking a while to process applications so it could take 4 weeks plus to get it all sorted. So what should I do ? Should I charge VAT or should I not charge VAT until I am confirmed as registered ?

Cheers

It's posted all over this forum if you can be bothered to do a search.

Anyway because you are too damn lazy:
1. Submit your invoice with the words "VAT registeration pending"
2. Leave the vat figure of your invoice
3. Once you get your registration number then submit an invoice for the VAT

[dx4100]

The VAT money isn't yours anyway, you are just collecting it for the government.....

Unless your on the lat rate scheme and then some of it is :P

[dx4100]

I have a similar issue...

I have just sent my forms off to register for VAT and sent my flat rate application along with it.

I start my first contract on the 1st April and will be sending my first invoice on the 30th April. Apparently the VAT department are taking a while to process applications so it could take 4 weeks plus to get it all sorted. So what should I do ? Should I charge VAT or should I not charge VAT until I am confirmed as registered ?

Cheers

[Ardesco]

The VAT money isn't yours anyway, you are just collecting it for the government.....

[Sockpuppet]

Can I ask why you would want to do this.

AFAIK if you didn't put "VAT Pending" on your invoices you can't do so, which means you'd have to stump up the VAT from your own pocket.

[Rangster]

Hi,

I have been trading since Nov but not charging VAT and not VAT registered. Is it possible to apply for a VAT number now and then retrospectively apply it to my previous invoices and ask the agency for the VAT in my next invoice?

Thanks