View Single Post
  #16   Report Post  
Posted to uk.d-i-y,uk.finance
Bob Eager[_2_] Bob Eager[_2_] is offline
external usenet poster
 
Posts: 2,076
Default VAT payment deadlines & small traders. A warning. (Long)

On Mon, 28 May 2012 00:56:04 +0100, Dave Liquorice wrote:

On Sat, 26 May 2012 10:31:49 +0100, Robin wrote:

With electronic you get the extra days.


The lost interest on 20k @ 2% is hardly worth worrying about. If I've
got the maths right it's less than eight quid before tax. That's
assuming you have an instant access account that pays as much as 2%...

But you may still have to send the payment sooner if, eg, you are using
BACS rather than FastPay.


FastPay? NatWest closed that on the 15th July 2005.


Perhaps he means Faster Payments:

http://www.fasterpayments.org.uk/



--
Use the BIG mirror service in the UK:
http://www.mirrorservice.org

*lightning protection* - a w_tom conductor