Every little helps.

[mudskipper]

MyCo year end at the end of the month.

Just twigged that if I invoice on 1st November rather than 31 October, I'll save 0.5% corp tax.

[mudskipper]

Oops - sorry - meant to post in general. Could someone do the needful?

[tractor]

MyCo year end at the end of the month.

Just twigged that if I invoice on 1st November rather than 31 October, I'll save 0.5% corp tax.

I thought I was being smart once and tried this. My accountant (rightly) slapped me and told me not to be so stupid lol

[mudskipper]

I thought I was being smart once and tried this. My accountant (rightly) slapped me and told me not to be so stupid lol

Why? Don't understand why accountant would have a problem with it?

[northernladuk]

Oops - sorry - meant to post in general. Could someone do the needful?

and call you names? At present we can't do that

[tractor]

...

Why? Don't understand why accountant would have a problem with it?

Because if you have a history of invoicing on the last day of the month and the revenue do a random check on you, it is one of the first things that they look for - intentionally deferred profits.

[mudskipper]

Because if you have a history of invoicing on the last day of the month and the revenue do a random check on you, it is one of the first things that they look for - intentionally deferred profits.

Ah, I'm OK then - I have a history of random invoicing.

[mudskipper]

and call you names? At present we can't do that

Hmmm - wonder what that said pre-edit?

Mebbe I'll stay where I am then.

[mudskipper]

Guess you mean this. Had no idea it was an issue. Will invoice this year, and, with head hung low, will accept whatever insults NLUK cares to throw at me.

[northernladuk]

Guess you mean this. Had no idea it was an issue. Will invoice this year, and, with head hung low, will accept whatever insults NLUK cares to throw at me.

Moi?? I seen you chew other posters up and spit them out with a knot tied in them.. I am keeping schtum on this one