Please can someone clarify tax points for invoices? Level 3 bookkeeping

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Linds224
Linds224 Registered Posts: 1 New contributor ๐Ÿธ
in General student discussion
If a limited company provides a service for 2 days per week and then invoices the customer on the 15th of the month for the first half of the month and then on the 29th of the month, for the services provided for the remainder of the month. Is this ok and are they following the 14 day rule?

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  • anony123
    anony123 Registered Posts: 556 Epic contributor ๐Ÿ˜
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    I did this last year in Sep so donโ€™t really remember. I think if it is fine because it is within the 14 day rule.

    I can only recall two questions coming up on my exam. Make sure you read the drop down list beforehand! It gives you the tax point information eg basic tax point.
  • anony123
    anony123 Registered Posts: 556 Epic contributor ๐Ÿ˜
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    Just a quick heads up the actual exam is way harder than the 2 practice assessments online on the AAT website.
  • anony123
    anony123 Registered Posts: 556 Epic contributor ๐Ÿ˜
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    Iโ€™ve got some notes anyway

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