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Checking VAT Registration Numbers

It can be a bit confusing ...

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POSTED BY ALISON MEAD ON 30/09/2019 @ 8:00AM

If you are doing your bookkeeping for a VAT registered company, then you can usually reclaim any VAT you pay to your suppliers ...

If you're confused about VAT registrations and how do do your bookkeeping correctly, do give me a call!

If you're confused about VAT registrations and how do do your bookkeeping correctly, do give me a call!

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This is done through your VAT return (subject to your particular industry and rules, it is not automatically the case), however, if your supplier is not VAT registered in the UK then there is no UK VAT to reclaim.

"You need a valid VAT invoice from your supplier
in order to reclaim the VAT!"

This is a mistake often made by business owners who see an invoice and think they are missing out on reclaiming VAT;, but if there was no VAT on the invoice in the first place, there is nothing to reclaim.

If you take on a new supplier and you are not sure if they are VAT registered or not, you need to do due diligence to check if they are VAT registered. If you try and reclaim VAT without having a valid VAT invoice, then you are the one in the wrong, and if the HMRC inspect you, you could be asked to repay the VAT incorrectly claimed.

They are usually reasonable about this. If you use a supplier regularly and have VAT receipts in 90% of cases, then you may be OK, but this is at the discretion of the individual inspector.

"Would you like to know more?"

If managing your bookkeeping and coping with VAT registrations and VAT returns is new to you, then why not make use of my Bookkeeping Handholding Service so you can make sure you are doing everything correctly? Do give me a call on 01604 420057 or click here to ping me an email and let's see how I can help you.

Until next time ...


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More about Alison Mead ...

Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.

She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.

Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.

You know what they say: if you want something done well ask a busy person!


01604 420057