Thank you for your reply..
Please advise how you dealt with the charges from the supplier which were recharged to the insurance compnay as a cliam..
Thank you for your reply
Here is a link to VAT manual VAT13500 on VAT input tax basics - insurance claims.
It states "Subject to the normal rules a VAT registered policy holder may treat any VAT incurred on the supply as input tax. The insurer will normally pay the policy holder compensation exclusive of VAT. The policy holder will pay the supplier the tax and recover it as input tax."
Your invoice to the insurance company should not have VAT added to it.
I hope this is helpful and answers your question.
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Thank you for your reply.
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You had stated earlier "after being VAT registered I have put the charges as input tax from our supplier."
It would imply that you received a VAT invoice from the supplier.. This is your input tax and you should be able to reclaim it in your VAT returns.
If you are raising an invoice to the insurance company for this claim to be reimbursed, then you raise an invoice excl VAT.
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