VAT Return

[Bluebird]

For the VAT return for the period just passed, will it be for upto 31/03/2010 or upto 02/04/2010.

If the later, do I just incude invoices raised upto that date?

ie I raised and invoice on Friday 26th March and one on 2nd of April.

Do I just include the 26/3 one, or do I need to pro-rata the 2/4 one on the basis of 3 days??

Thanks

[QwertyBerty]

It will be 31 March.

Tax point for VAT is generally the invoice date, so your 2/4 one will be in the next VAT return.

QB.

[Bluebird]

It will be 31 March.

Tax point for VAT is generally the invoice date, so your 2/4 one will be in the next VAT return.

QB.

so I don't need to pro-rate either?

[TykeMerc]

so I don't need to pro-rate either?

Nope the invoice date is generally regarded as the tax point date so dictates which return the invoice should be accounted for. The only exception to this that I'm aware of is if you're on the cash accounting scheme where you only pay the VAT on PAID invoices.

[Bluebird]

Nope the invoice date is generally regarded as the tax point date so dictates which return the invoice should be accounted for. The only exception to this that I'm aware of is if you're on the cash accounting scheme where you only pay the VAT on PAID invoices.

Thanks