Home For AAT student members AQ 2013 AAT Level 2 (Level 5 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


Costing exam- VAT treatment of prompt payment discounts

Hi all,
I have my costing exam in approximately 4 weeks. How should I deal with Vat on invoices with regards to settlement discounts. I understand the rules have changed, as it says here: http://www.aat-interactive.org.uk/cpd/archives/10207

Should I answer questions, in line with the new rules or the old way?

I am studying without a learning provider, so cannot ask them.
Many Thanks

Comments

  • CeeJaySixCeeJaySix Well-Known Registered Posts: 645
    The old way. The new rules will be applied in next year's exams (exams are always a year behind to avoid having to change them for every new bit of legislation).
    shaunpoll
Sign In or Register to comment.