Recent content by grumpyfox

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    Effect of using P/L from VAT registration year for company valuation forecasting

    I do understand this, but the mere fact of registering for VAT during that year means that the profit is much higher than it would have been if the company was already VAT registered and there were the same sales (due to part of the sales not having VAT inclusive and due to the VAT reclaim of...
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    Effect of using P/L from VAT registration year for company valuation forecasting

    I'm currently performing a company valuation and as a part of this the valuator asked for forecasts for the next 2 years. Our accountant performed forecasts using P/L, but this was using P/L during a VAT registration year. There are two things that I believe are "hidden" in a P/L that should be...
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