"Hi
Short answer is yes, the invoice will be a record of a transaction that has occurred - I am assuming VAT is not an issue. Subject to timings & amount (ie over £1,000) the 'drawings' will be declarable via self…"
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Accounting Error
HiWe set up our CIC in June last year. We've been taking money for living expenses as drawings. I know now that this isn't the correct way to do things. I know we need to invoice as another entity or ourselves, but don't have a named business re individual self assessment, as we had previously closed down a partnership to solely run the CIC.Question 1 is can we backdate invoices?Question 2 is how do we do this if we don't now have a private registered business as individuals? (We were a…See More
CIC Governance
This group is intended to help CIC's with how they are managed, led and held to account. See More
Profile Information
- What is your postcode?
- EX21 5JN
- Name of organisation (if any) you are associated with?
- North Devon Permaculture CIC
- Is that organisation a CIC?
- Yes
- If you have a website, what is your web address?
- http://northdevonpermaculture.com
- Are you interested in representing a CIC at the CIC Association AGM?
- No
- Are you interested in working in partnership with the CIC Association?
- Yes
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