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VAT on Cash Accounting

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  • 24-11-2008 5:49pm
    #1
    Registered Users Posts: 372 ✭✭


    If i bill somebody for 100 euro + Vat @21% on 30/11/08 on a cash receipts basis and they pay in December, Am i responsible to pay vat of 21 euro or 21.50 euro as vat rate changes to 21.5% on 1/12/08

    Any opinions would be great thanks.
    Tagged:


Comments

  • Closed Accounts Posts: 39 EI-EAY


    You pay the revenue 21% (€21) as you raised the invoice with 21% vat so your customer will claim 21% back from the revenue.


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