Hi all
Could you provide some insight in the following.
My LTD had the effective VAT and FRS starting date on 2/2/2013.
I have been paying FR VAT @ respective % minus 1% for the first year.
I have a VAT period ending 31 Jan 2014, so I will be paying VAT in February 2014 @ %-1.
The question is what about February (first month in the new VAT period). Do I pay at reduced FR VAT for February while March and April go @ full FR VAT?
Or all 3 months go with full FR VAT?
Or other?
Thanks
Could you provide some insight in the following.
My LTD had the effective VAT and FRS starting date on 2/2/2013.
I have been paying FR VAT @ respective % minus 1% for the first year.
I have a VAT period ending 31 Jan 2014, so I will be paying VAT in February 2014 @ %-1.
The question is what about February (first month in the new VAT period). Do I pay at reduced FR VAT for February while March and April go @ full FR VAT?
Or all 3 months go with full FR VAT?
Or other?
Thanks
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