Financial - JDE1 (MOSC)

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Proforma invoices in UK and related VAT issues

edited Mar 28, 2012 10:21AM in Financial - JDE1 (MOSC) 3 commentsAnswered
Does anyone have experience with proforma invoices in the UK?  We are presented with a proforma invoice from a vendor asking for prepayment for supplies/services to be delivered in the future.  The VAT is not due to the vendor nor recoverable from the authorities until the delivery is complete.  Is anyone aware of functionality in the system to record the VAT as a suspended payable so it is tracked, but not paid or recovered until the appropriate time? 

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