Is this a continuous supply - event management contracted in
Please would someone give their opinion on this: I would like to know whether request for payment can be used (and how the 14 day rule affects this) to ensure more desired VAT timing of amounts due.
The VAT arises from offering the following service:
A team of event managers, who bill on time, equipment etc are contracted in on site. The contract period is for 1 year, subject to two months notice for cancellation/ breach etc.
Payment terms are 60 days.
Does this count as a continuous supply? If so can we use request for payment, and is there any time limit on this? eg 14 days? For example one line item on an invoice may be a x piece of equipment hired on x date.
Of course there is also the option of cash accounting scheme.
- Are Sales to Germany considered VAT Taxable turnover for HMRC? 48 2
- Where has Portia gone? 1,711 65
- Is my client risking reputational damage? 232 7
- Is it worth being a limited company if already a higher rate taxpayer? 366 4
- Performance measurement within accounting practice 267 5
- Do I have grounds to dispute our accountant’s fees? 225 6
- New Client wants an Income Certificate for a Mortgage 898 21
- Can i reclaim tax if my fuel cost more than the AFR in a company car 179 3
- transferring from franchisee to ltd comapny 107 1
- Sage line 50 payment before invoice date 192 11
- Best Tax / Accounts Production software 394 10
- Property Purchase in Daughters Name 335 9
- Merging my businesses 142 2
- Getting fees, getting harder? 3,725 73
- Spousal transfer and PPR 518 16
- VAT on commercial property 153 3
- Rogue Accountant 3,050 49
- deceased creditor 211 5
- Corporate member of LLP 281 1
- Investment company 275 6
- Services via intermediaries and new HMRC reporting requirements 782
- RTI - duplicate employee record 539
- Pensions Regulator 445
- How hard is it to reduce a code? 405
- Sage Vat return box 2 308
- Sanzar 306
- Digital marketing focus group 289
- How do you do it 280
- Portia ... Where art thou 273
- Kashflow balance sheet difference 260