If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Vat - Pro Forma - Sales invoice

DD14 · 2020-09-04 09:43:13

We issue monthly proformas for monthly fees scheduled over a period of time and when the PFs are paid a Sales VAT invoice is issued and dated payment date. If we receive payment in September of a proforma issued in August at 23% vat do I adjust the vat to 21% and refund the difference to the client?

Options

04-09-2020 10:43am

#1

DD14

Registered Users Posts: 24 ✭

Join Date: January 2012

Posts: 23

We issue monthly proformas for monthly fees scheduled over a period of time and when the PFs are paid a Sales VAT invoice is issued and dated payment date. If we receive payment in September of a proforma issued in August at 23% vat do I adjust the vat to 21% and refund the difference to the client?

0