- 3 Marks
PT – Nov 2019 – L2 – Q2a – Value-Added Tax (VAT)
Describes the procedure to follow when a VAT invoice is lost by the recipient.
Question
a) Percy Cool (Percy) supplied goods to Perry Hot (Perry), both are VAT-registered traders. Percy issued a VAT invoice accordingly on 15 February 2019. On 20 February 2019, Percy received a call from Perry indicating that he has lost the VAT invoice issued to him.
Required:
What should Percy do? (3 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Lost Invoice, VAT, VAT Administration, VAT Procedure
- Level: Level 2
- Topic: Value-Added Tax (VAT)
- Series: NOV 2019
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