Supply Management Guide to Purchasing Cards - VAT issues
13 September 2012
Tax relief
VAT is a headache at the best of times, but the use of purchasing cards brings a new dimension to the issue. What does it mean for purchasers and suppliers?
Much of the paperwork surrounding the procurement process can be eliminated by purchasing cards. No longer do purchasing departments have to issue a purchase order or finance departments have to match invoices with goods received or delivery notes.
Instead of suppliers issuing invoices to customers, this information is sent electronically to the customer’s card...