How do I proceed if I have received an invoice with incorrect value-added tax?
March 7, 2022 | 40,00 EUR | answered by Günther Hering
Dear Sir or Madam,
My name is Sophia Busch and I run a small sole proprietorship in the online retail sector. Recently, I received an invoice from a supplier in which the value added tax was incorrectly stated. Instead of the regular rate of 19%, I was charged a rate of 25%.
This incorrect calculation of the value added tax is concerning to me, as I am unsure of how to proceed in this case. Should I simply pay the invoice and accept the incorrect value added tax, or are there ways to request a correction? How will the incorrectly stated value added tax impact my accounting and tax return?
I want to ensure that I do not encounter any issues with the tax authorities and fulfill my tax obligations correctly. Therefore, it would be very helpful if you could explain to me what steps I should take now to correct the incorrect value added tax and receive a correct invoice.
Thank you in advance for your assistance.
Best regards,
Sophia Busch
Dear Mrs. Busch,
Thank you for your inquiry regarding the incorrectly stated value-added tax on the invoice from your supplier. As a tax consultant specializing in value-added tax, I would be happy to assist you in resolving this situation.
First and foremost, it is important to note that the value-added tax invoiced should be correct, as you as a business owner also need to show this to your customers. In your case, however, an incorrect tax rate of 25% instead of 19% was charged, meaning that the calculation of the value-added tax is not correct.
In such a situation, you should definitely contact your supplier and inform them of the error. Ask them to issue a corrected invoice showing the correct value-added tax rate of 19%. It is important not to simply pay the incorrect invoice, as this could lead to issues with your own accounting and tax return.
Once you have received the corrected invoice, you can make the necessary adjustments in your accounting and correct the incorrect value-added tax accordingly. It may also be helpful to keep a copy of the corrected invoice for your records in case the tax authorities have questions later on.
Regarding your tax return, it is important that all information is correct and complete. By correcting the incorrect value-added tax on your invoice, you ensure that your tax obligations are met accurately and avoid any issues with the tax authorities.
I hope this information helps you in correcting the incorrect value-added tax and obtaining a correct invoice. If you have any further questions, please feel free to contact me.
Sincerely,
Günther Hering
