Backdated voluntary VAT registration and final accounts
I note it is possible to backdate a voluntary VAT registration for up to 4 years.
Could someone help me by setting out the basic principles for the following situation.
Given that accounts for a non-VAT reg business are prepared in a different way - for example, purchases would go into P&L a/c inclusive of VAT; capital expenditure would begin its life at its VAT inclusive cost ...
If the business has been ticking over for one or two years and is subsequently VAT registered, backdated to include these earlier years, what are the implications for stock valuations, fixed asset valuations in the current years accounts?
Do the previous years accounts have to be amended, or can it all be dealt with in the current years accounts?
- FHL - hedge purchase 101 1
- Do you use commercial software for Self Assessment tax returns? 522 18
- Travel is part allowable if combined with personal holiday 266 3
- Fees 466 6
- HMRC Post 580 8
- Time to ditch Sage? 435 8
- First director's salary payment 3 months after ltd company formation 180 2
- CWF1 - is it still required?? 442 8
- ACCA Special Business Resolutions... 290 3
- www.pool.adzio 162 2
- Losses carry forward to self employed 190 2
- Accounting Web - What is happening? 1,880 43
- Agent Authorisation Issue 286 3
- Transactions with directors 481 3
- CT600 - Credit balance in expenses? 314 9
- Non VAT invoices 250 4
- Client in dispute with Customer over cancellation charge 1,436 32
- Correcting earlier year CT600s 281 5
- Form 17 Download 198 1
- Claiming VAT on car lease 600 28
- Chart of account segments; Balance sheet vs P&L 768
- Any knowledge of salesorder.com 420
- Could and would anyone here carry out a hot file review of some non statutory audit work please? 371
- Electric Car 304
- S222 Charge 251
- Corporation tax penalties and fines on the CT600 215
- IP trans to holding company 197
- Software to Deal with Amazon and Ebay Sales 191
- AIA 189
- Best way to convert Sage data to VT Transaction+ 183