[Banking-pm] My fellow contractors!
andy at almond-technologies.co.uk
Mon Dec 18 12:00:37 PST 2006
On Mon, Dec 18, 2006 at 02:19:02PM -0000, alex at owal.co.uk wrote:
> Andy wrote:
> > When adding VAT to invoices, does the resultant VAT get rounded up or
> > down?
> > Or, given that's a daily rate, do I only round off the total figure?
> The latter. Basically no one seems to mind about half pence... perhaps you
> could sometimes round up and sometimes round down. Howevever if you
> repeatedly round down then the accumulative effect will might be noticed.
> BUT who knows...
that's what http://shrunk.net/ac356451 says too (hmrc). It says
to always round down, which is fine by me
Thanks alex, and I hope you're enjoying China! ;-)
Andrew White, Almond Technologies Ltd. Reg. company no. 5383888
E:andy at almond-technologies.co.uk P:+44 7749 418194
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