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Vat 2011

jow774jow774 Trusted RegularRegistered Posts: 465
Maybe its just my silly business but does anyones company have any dealings with subscriptions. Ours does and last year it was terrible trying to sort VAT out with the change in rates, (ie. yearly subs at 17.5, direct debits with some at 17.5 and some at 20).

Its a nightmare as they are all invoiced at the same time, but the membership years start at different times? I wondered if any other companies have similar problems?

Comments

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    I've never really thought about it, but go back to basic principles and identify the tax point. I think that will make things simpler. I think! :lol:
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