9 June 2016 at 18:56
If I pay a deposit to a supplier in February and the Tax invoice is received in May, can I claim the input VAT in February? Or am I only allowed to claim the input VAT once the Tax invoice (dated May) was received. I know that on Output VAT (Sales) the Receiver argues: earlier of payment or Invoice. How is the case when I am purchasing?
Normally you don’t receive an invoice for a deposit.
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10 June 2016 at 15:06
Please note input tax cannot be claimed without a tax invoice. Therefore the input can only be claimed in May once the Tax invoice has been received.