A: Net Total: £85,000
B: Total including VAT: £102,000 (£85k x 120%)
FRS VAT: £12,240 (12%)
C: Total after FRS: £89760 (£102k – FRS VAT)
What is my turnover, is it A, B, or C?
Many thanks...
B: Total including VAT: £102,000 (£85k x 120%)
FRS VAT: £12,240 (12%)
C: Total after FRS: £89760 (£102k – FRS VAT)
What is my turnover, is it A, B, or C?
Many thanks...
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