Vat-Prior Year
spurschic1@yahoo.com
Registered Posts: 94 Regular contributor ⭐
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
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
0
Comments
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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 .0
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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!
Thanks0 -
sry you have lost me on this one, PM me with more details.0
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Intercompany account?0
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