Implications of using another companies Vat number

[CLIVE-TRIANGLE]

All that you need to do is use the date of the first problem invoice as the date of liability on the VAT201.

It will of course result in late submission penalties, but will avoid other nasty consequences. Anyway, it's what I have done more than once in the past.

[Justloadit]

The worst part here is that the client is seen to be negligent here by SARS, cos they never requested a copy of the VAT Tax certificate, nor did the client do a verification of the VAT number before claiming the input VAT.

How many of us actually request a copy of the VAT certificate from our supplier and verify that it is correct before claiming the VAT from the invoice?

[ac1]

So I phoned Sars:

The lady first suggested that it should just be done on the his new Vat number backdating.

But I reminded her the vat number on the Invoice is not going match his new Vat number.

The end result "It's complicated come into a branch"

If the vat is paid on the old number the Company name on the Vat Invoice doesn't match. On the new number the Vat number wont match.

What a mess!!

Ill check out the voluntary disclosure thanks Dave...

Hopefully it can be paid and solved soon.Calculate input output Vat owed,fill in the forms and pay..

For completion's sake I will update what the verdict is after visiting the branch.

Thank you for all the help!

[HR Solutions]

So I phoned Sars:

The lady first suggested that it should just be done on the his new Vat number backdating.

But I reminded her the vat number on the Invoice is not going match his new Vat number.

The end result "It's complicated come into a branch"

If the vat is paid on the old number the Company name on the Vat Invoice doesn't match. On the new number the Vat number wont match.

What a mess!!

Ill check out the voluntary disclosure thanks Dave...

Hopefully it can be paid and solved soon.Calculate input output Vat owed,fill in the forms and pay..

For completion's sake I will update what the verdict is after visiting the branch.

Thank you for all the help!

Why are you doing all this ac1 ? Why don't you let that person do it ?

[Justloadit]

Maybe issue a credit note with the old VAT number, and issue a new invoice with the new VAT number. Provide copy of VAT registration form with new VAT number to client for their records.

[ac1]

Justloadit yes I think that is a good Idea, I think this is what SARS is going to require at the end as well.

The guy is a bit scared of doing this because he knows there is a almost 90% chance that he will loose this client if he does this.

But yes he made his bed.

HRS its my friend's husband I feel bad for him, I use to do accounting and volunteered to help.

I know he worked so hard the last year to build his business physically, although he has seriously neglected the accounting and tax side.