Hi all! Newbie book-keeper here, have a quick VAT question for ya!
My client has just gone over the VAT limit and has registered for VAT. His year end is Dec, but his VAT quarter ends Jan. Is it possible to change this, as it would make preparing the accounts easier if he could have it as Dec as well.
Thanks!
Mike
Man66 said
Mon May 21 17:22 2007
Hi there Mike,
Yes this is possible, go to HMRC website for more info. It's very easy to do, just need to complete a form. It does make sense to keep them the same, I do for all my clients where possible.
My client has just gone over the VAT limit and has registered for VAT. His year end is Dec, but his VAT quarter ends Jan. Is it possible to change this, as it would make preparing the accounts easier if he could have it as Dec as well.
Thanks!
Mike
Yes this is possible, go to HMRC website for more info. It's very easy to do, just need to complete a form. It does make sense to keep them the same, I do for all my clients where possible.
Man66
Mike