Vat-Prior Year

spurschic1@yahoo.com

Hi,

I am doing a set of accounts for one year only (only have that information to hand) but there's an amount on the bank account for prior year VAT that was paid to HMRC in the current year, where should I put this?

Thanks in advance

slackda

assuming that ithe year is run jan to dec, you would make the dec qtr vat payment in january... i would think it would end up in the VAT account .

spurschic1@yahoo.com

Sorry should've said that the VAT payment was for a UK company but paying out of the clients offshore company

Hope this helps in you helping me lol!
Thanks

slackda

sry you have lost me on this one, PM me with more details.

deanshepherd

Intercompany account?