guy incognit
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Hi , I'm drawing a blank so where else to ask but here!
A company we deal with has asked that we pay funds into another bank account, with a different name from that on the invoice. I'm told that it's just another associated company and not to worry.
Quite apart from the fraud risk on their side and that someone might come back and say that we did not settle our bill by paying this other company etc. can anyone give me some handle on the vat/revenue side of this? You don't need to show on an invoice what bank account to pay but is there some guidance or requirement? I suppose it's not the revenue's concern vis a vis vat but surelyh they'd like to see the trail from invoicing company to collecting company, or no?
As I said, drawing a blank on this. Think it's ok but thought I'd check.
A company we deal with has asked that we pay funds into another bank account, with a different name from that on the invoice. I'm told that it's just another associated company and not to worry.
Quite apart from the fraud risk on their side and that someone might come back and say that we did not settle our bill by paying this other company etc. can anyone give me some handle on the vat/revenue side of this? You don't need to show on an invoice what bank account to pay but is there some guidance or requirement? I suppose it's not the revenue's concern vis a vis vat but surelyh they'd like to see the trail from invoicing company to collecting company, or no?
As I said, drawing a blank on this. Think it's ok but thought I'd check.