need help re vat change

numberz

HI everyone

Hope you could help....
I'm at work today and need to issue a credit note for a invoice we sent out in december under the 15% vat code

can i send the credit in 15%vat or will i have to send it in 17.5%??? please help as unsure ???

Many thanks
Luci

burg

surely the credit will need to be at 15% VAT as this is what was originally charged.

Wrenchie

I would agree that the credit should show VAT at 15%

numberz

Thanks for replys
I was going to do 15% just wanted to check i could do that as i had this prang all of a sudden telling me is that right ha ha
thanks again
Luci

jilt

Does this help?

http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-rise-guidance.pdf#sec21

see 4.1.11 I know it says refunds but I presume it applies to credit notes which are refunds after all.

Oops! too late!

numberz

jilt wrote: »

Does this help?

http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-rise-guidance.pdf#sec21

see 4.1.11 I know it says refunds but I presume it applies to credit notes which are refunds after all.

Oops! too late!

thanks for link - found it really useful
Luci