(I know this is an old post, but here we go anyway…)
Without bending rules it’s in fact quiet simple :
- When VAT invoice is issued (at least) 15 days or more AFTER delivery, then Tax point date is Date of supply. You pay the VAT in the period which includes the delivery date. Which means your tax point is a delivery date at least 15 days BEFORE the invoice date.
- Otherwise, if VAT invoice is issued BEFORE or LESS than 15 days after delivery, then Tax point date is invoice date.
So you can never, as you stated do this “Moving invoice to next month gives me three month VAT holiday for that invoice”
Because if everybody who sells something who do this to report payable VAT to next VAT period, what stops the buyers to account a purchase invoice dated day 1 of VAT quarter II on day 31 of previous VAT quarter I ?
I claim what I’m allowed to claim in the correct period, and I pay what I have to pay in the correct period too.
Imagine if yoru customer applies your way of thinking when you send him your invoice :“let’s book it in next quarter, and I’ll pay Soince also in next quarter.” I will claim 20% vat on that invoice 3 months later than allowed, but it gives me a quarter holiday on payment of the full amount I owe Soince"
A cheater can always be cheated by a better cheater !
At the beginning of my reply I stated that this is a reply to an old post. So I wonder… applying your way of thinking to your accounting and tax obligations… are you still in business ?