Hi
We have sold restaurant business. We got valuation of stock [food & drinks] for £13K Do we have to raise invoice for for sale of stock? I mean do we have to charge them £13K+VAT to new owner for stock and pay back VAT to HMRC or can i just ask for £13K and post cash recived for sale of stock.
Could someone please suggest on how it should work.
kssoni
We have sold restaurant business. We got valuation of stock [food & drinks] for £13K Do we have to raise invoice for for sale of stock? I mean do we have to charge them £13K+VAT to new owner for stock and pay back VAT to HMRC or can i just ask for £13K and post cash recived for sale of stock.
Could someone please suggest on how it should work.
kssoni