surely this is wrong, we can't just keep being due refunds from HMRC for VAT? we have to do an 8 year forecast and this will mean that we have to project this too?
Sssshhh... But we charge a lot of money for that! lol, anything byond a year and you might as well be licking your finger and sticking it in the air. Sometimes I'm sure that five year projections are only demanded for the backroom amusement of corporate bankers (who could I be thinking of, lol).
Currently it's even more of a joke than normal as who knows whats about to happen with things like exchange rates and import tariffs with the current European issues.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Do you have zero rated sales? Either that or you are running at a significant loss? By the time you add things like wages (Outside VAT) and the other zero rated purchases (if any) then the business doesn't seem viable.
Sssshhh... But we charge a lot of money for that! lol, anything byond a year and you might as well be licking your finger and sticking it in the air. Rip apart a business plan and you will see that 75% of them did just that and thought you wouldnt notice. Sometimes I'm sure that five year projections are only demanded for the backroom amusement of corporate bankers (who could I be thinking of, lol). Fully sensitised 10% up, 28% down, with built in delays of X debtors days and ramp up of y creditor days. Just to see the FDs go pale and the MDs eventually after beating the FD to produce said numbers, realise it's a big fat no to his £m loan.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
lol, anything byond a year and you might as well be licking your finger and sticking it in the air. Sometimes I'm sure that five year projections are only demanded for the backroom amusement of corporate bankers (who could I be thinking of, lol).
