Query regarding VAT owed to me by a company and when payment is recorded.

Thesearcher · 16 Nov 2022

Hello, if I'm owed money from a company but they're not paying out until next year is the vat recorded from when the money hits the account or on the invoice from when it is owed? Thanks

ryaner · 16 Nov 2022

It'll depend on how you decided to account for VAT. Smaller traders tend to opt for the money received basis, meaning it is due when you get paid. More https://www.revenue.ie/en/vat/accounting-for-vat/accounting-for-vat-on-moneys-received/index.aspx

Thesearcher · 16 Nov 2022

ryaner said:
It'll depend on how you decided to account for VAT. Smaller traders tend to opt for the money received basis, meaning it is due when you get paid. More https://www.revenue.ie/en/vat/accounting-for-vat/accounting-for-vat-on-moneys-received/index.aspx

Thanks Ryaner much appreciated

Query regarding VAT owed to me by a company and when payment is recorded.

Thesearcher

Registered User

ryaner

Registered User

Thesearcher

Registered User

Query regarding VAT owed to me by a company and when payment is recorded.

Thesearcher

Registered User

ryaner

Registered User

Thesearcher

Registered User

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