Autumn 2007 Newsletter Contents Borrowed clothes? You want it when? The daily grind Knock knock Computers@home Stick to the facts It's personal Expense claims Cash down Plant buying Hobson's choice A helping hand Education, education Up with the Joneses Bills bills bills Done to a crisp Tax association

Bills bills bills A VAT-registered business is required to issue a tax invoice when it supplies something to another business. A "proper" tax invoice has to show a long list of details that are specified in the law. There are penalties for issuing invoices which don't comply, and customers can have problems if they try to claim back VAT from HMRC on an invoice which isn't up to scratch. The rules changed slightly this summer - for example, you are now required to number your invoices in sequence so it's easier to see that they have all been recorded. If you want to check that your paperwork is in order, we will be happy to advise you.