Hi,
Due to a mess up at the end of the year, I paid VAT to revenue in Dec 08 in respect of an invoice that is actually part of 09 income.
So the total amount of VAT paid in 08 will appear to be higher than it should be for the reported 08 income (and next year the VAT paid in 09 will appear to be too low)
Is that going to set alarm bells ringing and bring a revenue audit or something down upon me? Or do they bother doing a comparison of VAT vs income totals?
Thanks...
Due to a mess up at the end of the year, I paid VAT to revenue in Dec 08 in respect of an invoice that is actually part of 09 income.
So the total amount of VAT paid in 08 will appear to be higher than it should be for the reported 08 income (and next year the VAT paid in 09 will appear to be too low)
Is that going to set alarm bells ringing and bring a revenue audit or something down upon me? Or do they bother doing a comparison of VAT vs income totals?
Thanks...