You might also be interested in
Replies (2)
Please login or register to join the discussion.
OPERA 15 VAT implementation
Dear users,
Please ensure both Opera financial products have a new VAT rate of 15% to be effective from the 1st December 2008 along with the original historical 17.5 % effective date.
The 14 day rule will be calculated on the basis of the tax point/delivery date in relation to the invoice date.
What not to do:
Change existing 17.5 % VAT rate to 15 % and set up new VAT rate of 17.5 % from 1/12/08
Set up a second vat rate of 15 % within the 17.5 % VAT rate. Both VAT rates should have individual records for the sccounts.
Richard
A poodle is always a dog but not all dogs are poodles
I smiled when I read this post but, I am not sure why because I have just arrived back in the office after yet another meeting with a firm of accountants who are operating the equivalent of a self insurance arrangement with regard to tax investigations because someone told them it was ok who sounded convincing.
I have been a legal expenses broker for many years specialising in Professional Fee Protection pre and post regulation. I am at a loss to understand why a firm of accountants particularly a small firm would take on an overhead they don't have to assume in order to offer a service which can be simply delivered at no cost by a regulated firm such as mine.
Business intelligence is as much about not falling for slick marketing or well rehearsed sales chat. It is also about recognising when someone is actually acting in our interest as opposed to their own.
I am happy to explain what I mean when using the Poodle analogy to anyone interested in offering Professional Fee Protection without any complications or costs.