For point 1 it depends upon your accounting structure.
You can pay the VAT by either date you invoice, or by date you receive funds. Just don't switch between the two because you are bound to get mixed up and get a payment wrong.
I personally pay VAT out by invoice date because I find it easier to just pull out all the invoices I have created in the past 3 months rather than sorting through the company bank account to see what has been paid in the past 3 months.
You will make a tiny bit more interest if you pay it according to when you receive funds.
If in doubt ask your accountant, it is what he's there for.
You can pay the VAT by either date you invoice, or by date you receive funds. Just don't switch between the two because you are bound to get mixed up and get a payment wrong.
I personally pay VAT out by invoice date because I find it easier to just pull out all the invoices I have created in the past 3 months rather than sorting through the company bank account to see what has been paid in the past 3 months.
You will make a tiny bit more interest if you pay it according to when you receive funds.
If in doubt ask your accountant, it is what he's there for.
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