Really stupid Turnover question - Contractor UK Bulletin Board

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ASB replied

11 November 2008, 17:25
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.
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BoredBloke replied

11 November 2008, 17:21
That's what I thought but thought it was best to check. It has a big bearing on the cost of my PI insurance.

Cheers
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TykeMerc replied

11 November 2008, 17:19
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.
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BoredBloke started a topic Really stupid Turnover question

11 November 2008, 17:02
Really stupid Turnover question

When quoting turnover is that the amount before VAT or after?

Having a brain fart!
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