VAT and Rate Applicable

[mickeyg]

Is it accepted by the Revenue that an invoice generated in 2012 but predominantly for work done in 2011 can be at the 21% VAT rate as opposed to the 2012 new rate of 23%.
The reason I ask is because I am doing a Jan/Feb VAT return and I have a significant expense invoice (dated in Feby) which has VAT charged at the 21% rate. Could this be queried or how normal might this be??

 

[bazermc]

If the invoice is dated February then the new VAT rate applies of 23% simple as that

Where are you getting the revenue view of invoice generated in 2012 for work done in 2011 be laible at 21%?

have a read of this

http://www.revenue.ie/en/tax/vat/leaflets/increase-in-standard-rate.html

 

[mandelbrot]

Is it accepted by the Revenue that an invoice generated in 2012 but predominantly for work done in 2011 can be at the 21% VAT rate as opposed to the 2012 new rate of 23%.
The reason I ask is because I am doing a Jan/Feb VAT return and I have a significant expense invoice (dated in Feby) which has VAT charged at the 21% rate. Could this be queried or how normal might this be??

Well you could query it with the supplier, but if they have to invoice you again but with 23% VAT, won't that just mean you have to pay them the extra 2% and then claim a greater input credit on the VAT3, querying it won't change the net price of the supply. No-one ends up any better or worse off (including the exchequer).

 

[bazermc]

But you are assuming the OP has entitlement to claim this input VAT on the VAT3!!!!!

Should situations, whether there is no loss of revenue or not, undermines the VAT system and could be pontentially challenged by Revenue who wont accept no loss of Revenue