RE: FN-FORUM OT -VAT question

date posted 28th January 2002 11:12

Hi Linsday

Assuming you are using cash accounting for your VAT - which you almost
certainly are - it is the date you are paid which is important - not the
date that the invoice is dated.

Likewise on invoices out it is the date you pay them not the date on the
invoice.

Note that if you get a particularly fussy VAT inspector they treat both
dates as the date shown on your bank statement for cheques - not the date in
your paying in book / cheque book.

Hope this helps - if you need further help off list just drop me an e-mail

Keith Budden
www.e-magine-it.co.uk