If preparing the vat on a cash accounting basis why do we have to account for reverse charge vat on an invoice basis, surely this is going to be confusing and end up with errors? I know HMRC notice tells us that this is the way we have to do it but why as it just complicates matters?
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"VAT is a simple tax"
Anthony Barber Chancellor of the Exchequer.....1st April 1972 ish.
https://www.taxadvisermagazine.com/article/fresh-look-construction
May help you sleep tonight.
In reality though... if the sums are small .... you can either make an adjustment for the quarter to bring the position correct or do what the silent majority are doing and say stuff it...in reality I think that is what quite a few practitioners are doing...
I’m afraid Di that is my opinion on what in reality is happening... we are dealing with an organisation who polices the rules ...but have hung up on me twice recently because I boxed their operatives into a corner and I wanted to complain ...
then came the dialling tone as they hit the goodbye button...
I now start work at 8.00 am to get through......
Whilst they are policing us who is policing them ...
I’m afraid Di that is my opinion on what in reality is happening... we are dealing with an organisation who polices the rules ...but have hung up on me twice recently because I boxed their operatives into a corner and I wanted to complain ...
then came the dialling tone as they hit the goodbye button...
I now start work at 8.00 am to get through......
Whilst they are policing us who is policing them ...
I’m afraid Di that is my opinion on what in reality is happening... we are dealing with an organisation who polices the rules ...but have hung up on me twice recently because I boxed their operatives into a corner and I wanted to complain ...
then came the dialling tone as they hit the goodbye button...
I now start work at 8.00 am to get through......
Whilst they are policing us who is policing them ...
I’m afraid Di that is my opinion on what in reality is happening... we are dealing with an organisation who polices the rules ...but have hung up on me twice recently because I boxed their operatives into a corner and I wanted to complain ...
then came the dialling tone as they hit the goodbye button...
I now start work at 8.00 am to get through......
Whilst they are policing us who is policing them ...
what software are you using? surely that deals with it in whatever way it should, either way unless you are PE it will make no difference to what you pay
Why? No reason at all. Absolutely pointless provision and there's a good chance that the draftsman just didn't understand what he was doing when he wrote that.