Ok now my head hurtsMy Turnover for last year was X amount, and I invoiced for 4900 to an client during my last year. But the client paid 2 months after year end date of 30/11/18.
Now when I am going to submit my returns next month, will my turnover be X + 4900 ? or when this current year which is going to end on 30/11/19 will include this 4900.
with reference to ye 30/11/2018 lets say you did £49,900 worth of work that year - lets say that was 45k that you were paid for in year and the £4,900 that you didnt get paid for in year.
lets say you do £35,000 of work year end 30/11/2019 - all paid in year (woop no problems this time next year) - and you also receive payment for the £4,900 in this year that you didnt get ye 30/11/2018.
Your turnover ye 30/11/2018 is £49,900 as that is the value of the work you did - the fact you got paid more or less (less) is not relevant.
Your turnover ye 30/11/2019 is £35,000 as that is the value of the work you did - the fact you received more is not relevant.
In summary the 4900 is included on the ye 30/11/2008 return and you need to make sure you don't then include it again on ye 30/11/2019 return!
final note for clarity - turnover = value of work done not sales received ! = 49,900 for ye 30/11/18 per my example above.
Hopefully that answers the question - if not i may need to get my horlicks down from the top shelf.