Ordered computer hardware online on 29th Dec, order acknowledgement received immediately.
However, payment was actually taken on 1st Jan and delivered today. VAT invoice shows 1st Jan. My credit card (although pending) shows date as 29th Jan.
For the purposes of accounting (my year-end is 31st Dec), should the hardware be declared in 2017 accounts or 2018?
And for VAT purposes, I'm on standard-rate VAT using cash accounting - does this mean I should book the VAT in Q1 2018 rather than Q4 2017?
thanks
However, payment was actually taken on 1st Jan and delivered today. VAT invoice shows 1st Jan. My credit card (although pending) shows date as 29th Jan.
For the purposes of accounting (my year-end is 31st Dec), should the hardware be declared in 2017 accounts or 2018?
And for VAT purposes, I'm on standard-rate VAT using cash accounting - does this mean I should book the VAT in Q1 2018 rather than Q4 2017?
thanks
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