vat treatment

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cazmarb
cazmarb Registered Posts: 23
edited June 18 in AAT member community
We have an invoice for some goods. The deposit was paid by an employee so we have reimbursed her. The balance has been paid direct to the company. How do I treat the vat.

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  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,303
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    Is the invoice made to the company?
  • cazmarb
    cazmarb Registered Posts: 23
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    The invoice is made out to our company but we had to pay the deposit quickly so an employee paid it on their card and we reimbursed them.
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,303
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    In that case I believe the VAT can be claimed by the company.
  • cazmarb
    cazmarb Registered Posts: 23
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    That’s good news
  • cazmarb
    cazmarb Registered Posts: 23
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    How would I enter the transactions on the purchase ledger. The invoice was £612. £300 paid to employee and £312 to supplier. These are gross figures.
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,303
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    Assuming standard rated supplies
    Enter purchase invoice
    Dr Purchases 510
    Dr VAT 102
    Cr trade creditors 612

    Enter payment of supplier
    Dr trade creditors 612
    Cr bank 312
    Cr other creditors (employee) 300

    Reimburse employee
    Dr other creditors 300
    Cr bank 300

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