When quoting turnover is that the amount before VAT or after?
Having a brain fart!
Having a brain fart!
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Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1! -
Before.
I'm not an accountant (for which I'm eternally grateful), but since VAT is a tax you're just collecting on HMRC's account it's not part of your business. -
That's what I thought but thought it was best to check. It has a big bearing on the cost of my PI insurance.
CheersRule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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Here's the accounting standards view of it:-
http://www.frc.org.uk/documents/page...ed%20FINAL.pdf
See 9.15.
There's lots of other useful (but boring) stuff in there.Comment
Comment