The client's VAT period ends on October 31st and there will be a large repayment due to the client. He wants to submit the VAT return now in the belief this will get the repayment to him early. I expect the VAT return will be held over until the 1st November before it is processed and there is a risk it might be considered incorrect if October's input VAT (as yet unknown) is omitted. Should I wait until 31st October before submitting or do what the client wants and submit it now ?
23rd Sep 2011 16:20