Early Invoice

[David of Essex]

I’ve been told by a friend that Burnham Yacht Harbour Marina have sent out invoices for next years marina fees that start 01/04 2010 to 31/03/2011. Total payable due on receipt of invoice. This is 4 months before there due date.

 

[NorthUp]

Save 2.5% VAT

 

[DinghyMan]

It looks like it will save 2.5% VAT now but you may have the additional 2.5% to pay in January see - http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-changes.htm

Raising VAT invoices or receiving deposits before 1 January 2010 for sales you make afterwards
If you issue a VAT invoice or receive prepayment before 1 January 2010 for goods or services which you will provide on or after that date VAT will normally be due at the 15 per cent rate. In certain circumstances VAT is due at a rate of 15 per cent on the date of issue of the VAT invoice or receipt of payment before 1 January 2010 and a supplementary charge of 2.5 per cent then becomes due on the 1 January 2010.

 

[DOK]

It looks like it will save 2.5% VAT now but you may have the additional 2.5% to pay in January see - http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-changes.htm

Raising VAT invoices or receiving deposits before 1 January 2010 for sales you make afterwards
If you issue a VAT invoice or receive prepayment before 1 January 2010 for goods or services which you will provide on or after that date VAT will normally be due at the 15 per cent rate. In certain circumstances VAT is due at a rate of 15 per cent on the date of issue of the VAT invoice or receipt of payment before 1 January 2010 and a supplementary charge of 2.5 per cent then becomes due on the 1 January 2010.

I think this is the relevant bit:

Continuous supplies of services
If you provide a continuous supply of services, such as leasing of photocopiers, you should account for the VAT due whenever you issue a VAT invoice or receive payment, whichever is the earlier. You must charge 17.5 per cent on invoices you issue and payments you receive on or after 1 January 2010. You may, if you wish, charge 15 per cent on the services you’ve provided in the period up to 31 December 2009 and 17.5 per cent on the remainder. If you choose to do this you will have to be able to demonstrate that the apportionment is fair.

 

[Giblets]

Making the assets of the company look good at year-end perhaps?