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Self-employed income inc VAT or ex vat ?

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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Freedommmm
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Joined: Mon Dec 11, 2006 10:24 pm
Location: UK

Self-employed income inc VAT or ex vat ?

Post by Freedommmm » Tue Dec 12, 2006 1:27 am

I am in Australia where we have GST (same as VAT in UK)

As I operate as a limited company, my invoices attract a 10% tax (you can call it VAT). Therefore, I get paid the gross amount plus the GST/VAT every time.

Having asked this question with HSMP info line, they said they believe I can claim my income inclusive of the GST/VAT.

Eg. if for one week my invoice was for $2000 AUD + $200 GST = $2200 total. So for HSMP i can claim income of $2200 for this week.

I would like to confirm a 100% that it is correct? Has anybody had a similar situation ?
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