VAT reclaim and the Revenue.

Jack breen

Hi again I hope this is in the correct place.

I was self employed and had a Partnership set up with my wife. All my invoices were in my name such as leasing, phone bills etc etc.

Now when I finished up I was owed 2.5k legitimitley from the Revenue. I was waiting several weeks for my repayment and phoned several times only to be sent on a wild goose chase.

My Accountant finally tracked down somebody and they told them that I wasn not being paid as the invoices were only in my name and not in both names. I am quite annoyed about this as I need the money.

Has anyone any thoughts or advice on this.

Thanks.

Jack breen

Anyone have any advice here or should I ask on the Tax forum.

Thanks..

nompere

What does your accountant say? You're paying him, so presumably you trust him to be looking after your affairs.

Why do you expect someone anonymous, posting on a website, to know more than him?

On the face of it there shouldn't be an issue - suppliers regularly get the name of the person/firm that they are invoicing wrong, and it's usually sufficient to show that you've paid the VAT.

barneystinson

What strikes me as strange is how a small trading partnership, such as you describe, ends up ceasing trade while being owed 2.5k in VAT...? Was it on goods purchased as stock, and if so how was the stock disposed of? And if it related to equipment or other capital items, what became of these. Seems very strange that you could cease a small trade while in such a substantial repayment position...

berettaman

I agree with Nompere. Your accountant needs to be more proactive here. Very often in partnerships- or when trading names are used- invoices are incorrectly addressed. I would not take this lying down. If push comes to shove you can perhaps get invoices re issued.

Jack breen

barneystinson wrote: »

What strikes me as strange is how a small trading partnership, such as you describe, ends up ceasing trade while being owed 2.5k in VAT...? Was it on goods purchased as stock, and if so how was the stock disposed of? And if it related to equipment or other capital items, what became of these. Seems very strange that you could cease a small trade while in such a substantial repayment position...

We were running a haulage business and had a lease on a truck with 12 payments on it. I paid the bank out of our account but I exported the truck myself to Australia so I did not charge VAT. The revenue have no problem with this but its the names on the invoices.

My accountant is a dick tbh and is impossible to motivate and hardly talks to me on the phone. A friend of mine recomended ye lot for good advice..

viztopia

berettaman wrote: »

I agree with Nompere. Your accountant needs to be more proactive here. Very often in partnerships- or when trading names are used- invoices are incorrectly addressed. I would not take this lying down. If push comes to shove you can perhaps get invoices re issued.

Technically the revenue are correct but this can easily be resolved by getting the invoices re issued ad the other posters point out. Shouldn't be too much hastle for the suppliers. Make sure you come back here and let us know how you get on.

paul71

Jack breen wrote: »

We were running a haulage business and had a lease on a truck with 12 payments on it. I paid the bank out of our account but I exported the truck myself to Australia so I did not charge VAT. The revenue have no problem with this but its the names on the invoices.

My accountant is a dick tbh and is impossible to motivate and hardly talks to me on the phone. A friend of mine recomended ye lot for good advice..

The revenue have no problem with you exporting the truck outside the EU and not charging VAT on the sale? It seems odd to me.

Cookie_Monster

paul71 wrote: »

The revenue have no problem with you exporting the truck outside the EU and not charging VAT on the sale? It seems odd to me.

why would that seem odd to you?
there is no VAT chargable on export outside the EU. I get stuff shipped from Germany / UK / IRL to NZ frequently and the only taxes payable are NZ GST (read VAT) if above the allowed limits.

If shipping outside the EU there is never* VAT payable.

* possible unique circumstances apart

Jack breen

Cookie_Monster wrote: »

why would that seem odd to you?
there is no VAT chargable on export outside the EU. I get stuff shipped from Germany / UK / IRL to NZ frequently and the only taxes payable are NZ GST (read VAT) if above the allowed limits.

If shipping outside the EU there is never* VAT payable.

* possible unique circumstances apart

Your right also for the record there was no taxes payable on the other side as the truck was dismantled for shipping reasons so it was classed as scrap hence no taxes payable.

We have still no joy with this plus the invoices the revenue received are now lost by themselves.:rolleyes:

I think its time to get some professional legal advice.

smcgiff

It does seem as simple as getting the name on the invoices changed.

When a business closes and the company/business is in a VAT repayment position, the Revenue can in disclaim certain transactions. But, that doesn't seem to be the case for you.

Taking legal action against Revenue for €2.5k - Not sure if that's advisable. Revenue are subject to the law, but chances are they are not in the wrong here. You just need to get the proper invoices re-issued.