How to budget for VAT

 I have had numerous clients that always get to the end of their vat period only to find out there is no money to pay it! 

I don’t want anyone to ever get in to that position so with all my clients now every time we get vat on income, I transfer the vat element to a savings account.

I only do this on sales vat, not purchase vat so we always have excess vat left over.

This way the money is there when you need it 🥳

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