Our business is a lodge park. When we buy a lodge, the whole process can take 5 or 6 months from us initially ordering the lodge, to finally paying for it. What normally happens is that we agree a design and price for the lodge and then pay a deposit to allow the manufacturer to start the lodge build process. At that stage I enter the details from their quote which has an estimate of the VAT payable. Part way into the build process, we’ll choose the interior specification of the lodge. As VAT is only payable on items such as white goods, the VAT amount can have changed when we receive our final invoice some months later. By that time I will have done a VAT return so QuickFile won’t allow me to amend the original invoice. Is there an easy way round this, or am I doing something wrong?? Many thanks.
The VAT return does have a way to manually adjust the boxes as a fall-back. Otherwise you would need to issue a credit note against the original invoice or add an additional invoice if the figures are increased.
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