VAT
Comments
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VAT rules permit the rounding down of fractions of a penny except in the retail environment.0
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I think that it is permitted for VAT on sales to be rounded down, and for VAT on purchases to be rounded up - i.e. in favour of the business over HMRC.Accounts Executive, ғɪᴀʙ ᴍᴀᴀᴛ
QBO & Xero certified advisor
AAT
Level 2 Certificate in Accounting - 17 Jun 2015
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F4 Corporate and Business Law - 4 Jun 2019
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F6 Taxation (United Kingdom) - 3 Dec 2019
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