I got my Cert of Registration for VAT and on it it has my first period ending 31/05, but it doesn't say how long I have to make the payment, I am going flat rate so it shouldn't take me too long to work out what I owe but I want to take in to consideration how long it takes for the payment to clear with HMRC, or does "the clock stop" when I amke the payment through the online facility and have th reference number?
Also just a clarification, I assume that I calculate based on amounts recived during a period rather than just invoiced? For example if I send an invoice to an agent on the 28th May and they pay the funds on the 2nd June, that payment will be in the 2nd period?
Also just a clarification, I assume that I calculate based on amounts recived during a period rather than just invoiced? For example if I send an invoice to an agent on the 28th May and they pay the funds on the 2nd June, that payment will be in the 2nd period?
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