Re: Visa Debit Payment


<nimbusjunk@xxxxxxxxxxx> wrote in message
news:1191090364.390065.230430@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On 29 Sep, 19:10, "nightjar" <nightjar@<insert my surname
here>.uk.com> wrote:
....
Surely, the company Dunelems must have a record of what they sold for
£115.99.

Their record could be as simple as '£115.99 from Department A' or
'£115.99
of products in group B'.

Do you think that the HMRC or indeed the company auditors would find
that acceptable?

I've not had any problem with either over many years, just showing the
analysis as 'sales'.

Do not the HRMC do test purchases just to see what is actually
recorded ?

They wouldn't say if they did, but I doubt it. They do carry out inspections
of the books from time to time, particularly if you claim a large VAT
refund. However, for anything that is subject to standard rate VAT they
don't care what you have sold, only whether the VAT has been correctly
calculated.

Colin Bignell


.

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