I have issued an invoice to a supplier which includes day rate charges and travel expenses, the invoice has been locked down as I have submitted my quarterly VAT return. The customer has changed the policy on submissions and all travel and other expenses need to be included within a revised day rate which is being negotiated. I am required to cancel the original invoice and resubmit using the revised day rate. Could you advise me how I should go about this? Is it as simple as issueing a credit note against the original invoice and submitting a revised invoice with the new day rate?
This is what I would do yes.
Thank you very much for your help