Hi there
I am hoping someone can help me.
We have an issue that the incorrect vat rate was charged by a client for approx 2 years. It appears he charged 21% instead of 13.5%.
Now, his bookkeeper has told him that he can get this back, however my understanding is that he must refund refund the overchaged vat to his customers.
I am looking for some reference to back up my belief. I have read through the VAT act and cannot see anything specific. Revenue have confirmed what I believe but seem unable to provide a reference, although I am sure if I put it in writing I would get the appropriate response, however my client wants this sorted asap
Many thanks for your help
I am hoping someone can help me.
We have an issue that the incorrect vat rate was charged by a client for approx 2 years. It appears he charged 21% instead of 13.5%.
Now, his bookkeeper has told him that he can get this back, however my understanding is that he must refund refund the overchaged vat to his customers.
I am looking for some reference to back up my belief. I have read through the VAT act and cannot see anything specific. Revenue have confirmed what I believe but seem unable to provide a reference, although I am sure if I put it in writing I would get the appropriate response, however my client wants this sorted asap
Many thanks for your help