For AAT student members
Advanced Diploma in Accounting
Why in this case is the figure not rounded down?
Why in this case is the figure not rounded down? In other questions I have rounded down figures that have had pence figures above .50 to get the correct answer.
When you complete a VAT return, you need to work out the VAT to the penny whereas when you are showing your sales for the period HMRC only want it to the nearest pound.
AAT Level 2&3 - 2016
AAT Level 4 - 2017
Personal Tax, Business Tax and External Auditing
Certificate Level - Jan 2019