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Intercompany transactions

Hi
We have several companies in the same group. Only one has a bank account, so is paying for items for the other companies. The items are wages, computer and stationery so far.
I have been trying to get clarification on how best to deal with these transactions. As they are only being paid for, not 'supplied', am I right in thinking these are not taxable supplies, and so therefore are ok to be journaled through intercompany rather invoiced to the other company?

Comments

  • jul2614jul2614 Registered Posts: 9
    Sorry, I'm not sure which forum you are referring to?
  • jul2614jul2614 Registered Posts: 9
    Ah, sorry yes, I'd forgotten about that. Unfortunately, I am still confused
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