invoicing - time limitations on submision

[terry tibbs]

i know been in business 20+ years and i should know but i don't,

what are the time limitations on submitting invoices, months, years, and is there any legislation that supports this?

Thanks

[Dr Interceptor]

Good business practice would be to invoice within three months.

Legally, under the limitations act, it's six years for action taken upon a simple contract.

http://www.legislation.gov.uk/ukpga/1980/58

[terry tibbs]

thanks i invoice immediately but an element in a contract came to light that i didn't know about (because i didn't read it thoroughly enough) that was chargeable over the contract period.

[davepoth]

VAT will be an issue I believe.

http://www.hmrc.gov.uk/manuals/vatrecmanual/vatrec...

[BrabusMog]

6 years is the limit but the VAT can be a nightmare. Especially if other elements have already been invoiced, I'd recommend you spoke to your accountant.