Vat - Business Forum UK - Advice Help and Questions

Chubster · #1 (**permalink**) 29-08-2008, 14:09

....Eeekk, OK we are all grown up now and have our dreaded VAT number. I know we have to legally display it on our site but do we have to legally give a break down of the VAT on receipts and shopping cart etc or is it sufficient to just say "All our prices include VAT"

Cheers

Adrian

boxby · #2 (**permalink**) 29-08-2008, 14:12

Nope, you need to do more than that i'm afraid. There should be a list in one of the books that they've sent you. I'm not exactly sure what it is for e-commerce, but generally it's name, address, VAT number, VAT rate, Net, VAT, Gross.

Chubster · #3 (**permalink**) 29-08-2008, 14:22

Cheers Sandra....bugger, thought that might be the case !

PS What book....perhaps that is in the post

consultant · #4 (**permalink**) 29-08-2008, 16:20

I believe you do! Most carts will calculate/display this for you!

boxby · #5 (**permalink**) 29-08-2008, 18:05

Para 8 - what is a valid vat invoice.
http://customs.hmrc.gov.uk/channelsP...ument#P36_6061

Chubster · #6 (**permalink**) 29-08-2008, 18:23

Cheers Sandra...unless Im reading it wrong though that just states what a valid invoice should look like. I dont actually send invoices to my customers they just get a email stating what they have purchased and the amount so would I need to amend this email to include all those details?

As I am selling to the general public most do not need / want a VAT receipt ?

boxby · #7 (**permalink**) 29-08-2008, 18:42

There are allowances for till receipts for retailers selling primarily to GP. But they must still include vat number, vat rate, and most of the information.

Your e-commerce package should have a function to send them an email - if the email isn't infact really an invoice in disguise.

UKSBD · #8 (**permalink**) 29-08-2008, 19:42

Quote:

Originally Posted by boxby

There are allowances for till receipts for retailers selling primarily to GP. But they must still include vat number, vat rate, and most of the information.

Is that not only if they request a VAT invoice?

Chubster · #9 (**permalink**) 29-08-2008, 19:54

Quote:

Originally Posted by UKSBD

Is that not only if they request a VAT invoice?

Been doing a bit of reading and that is my understanding.....dont have to give one unless they ask for it.

So in that case do I NEED to display it in the shopping cart, I will..... just want to know if I have to.

Paul Norman · #10 (**permalink**) 30-08-2008, 10:06

For your customers to be able to reclaim the VAT, they will need a legal VAT receipt or invoice from you....