I should be grateful if someone could advise. Say the director invoices the company for consultancy fee, £1000 plus Vat. Total £1200.
In the Related Party Note, do we show £1000 or £1200?
Thanks
Replies (9)
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The director has invoiced £1000 + VAT and common sense tells you that the answer is either £1000 or £1200.
I applaud you for showing such intellect.
Never occurred to me
It never occurred to me that there would be a dichotomy of opinion on such a matter.