Originally posted by SlipTheJab
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20% SALES TAX received but NOT requested
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Originally posted by pr1 View Postdirect debit is your friend!Comment
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Originally posted by SlipTheJab View PostReally not worth messing with the VAT man, i missed my payment deadline by one day last quarter (slipped my mind), only a day late and the first time this has happened in 5 years of contracting....
... a few days letter a stern letter from the VAT mob lands on my doorstep telling me I've been a naughty boy and if It happens again within the next 12 months I'll be hit with a 2% penalty (which will go up on each transgression), I made sure to pay this quarter as soon as my accountant calculated the amount due!
This is one reason I moved accountants. They sent a tax invoice to my wife's email address. Not mine. Wifey checks her email if and when she does an online shop... Could have been a very expensive mistake for me.Comment
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Originally posted by Lost It View Post2% of that bill or 2% of the VAT within that tax period?
This is one reason I moved accountants. They sent a tax invoice to my wife's email address. Not mine. Wifey checks her email if and when she does an online shop... Could have been a very expensive mistake for me.Comment
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Originally posted by ladymuck View PostMy goodness, you don't know your VAT liability or when it's due? I do all my own accounts to trial balance. I only have an accountant to do an annual sanity check, calculate CT and do the HMRC/CoHo returns. I would never hand over so much control to an accountant (no offense intended to accountants, btw)'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Lost It View Post2% of that bill or 2% of the VAT within that tax period?
This is one reason I moved accountants. They sent a tax invoice to my wife's email address. Not mine. Wifey checks her email if and when she does an online shop... Could have been a very expensive mistake for me.Comment
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Case closed.
Hi, ok thanks for the advice, will contact the agency and advise them. CASE CLOSED.Comment
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Originally posted by SlipTheJab View PostReally not worth messing with the VAT man, i missed my payment deadline by one day last quarter (slipped my mind), only a day late and the first time this has happened in 5 years of contracting....
... a few days letter a stern letter from the VAT mob lands on my doorstep telling me I've been a naughty boy and if It happens again within the next 12 months I'll be hit with a 2% penalty (which will go up on each transgression), I made sure to pay this quarter as soon as my accountant calculated the amount due!Comment
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Originally posted by TNA57 View PostThanks for sharing this. My VAT is due 1/1 next year and i just had a flying thought that i would pay on the 3rd or 5th.oooops! Guess i better pay pronto before i get same letter!Comment
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