December 1st, Refundable Deposits and VAT.

[peterguk V6 KWK]

In October i charge a customer a refundable deposit of £25.53 plus VAT @ 17.5% = £30.00

Now i have to refund their deposit of £30.00. At new rate of VAT they receive less than the £30.00 they paid.

Should i use new or old rate?

[Eric Mc]

Old Rate.

Edited by Eric Mc on Saturday 27th December 08:31

[peterguk V6 KWK]

Thanks very much.

[Fer]

Good to see Eric maintaining his high level of service over the Xmas period!

[Eric Mc]

Stuck working at the moment - too many looming deadlines.