Cash Accounting VAT

jilt
jilt Registered Posts: 2,903 Beyond epic contributor 🧙‍♂️
have a client using the cash accounting VAT scheme. I have a purchase invoice dated 01.07.09 where VAT has been charged however it states it is payable over 12 monthly payments. have come across this before, I presume I include 3 months worth of the invoivce in each VAT return as that is all that has been paid.

Comments

  • AK002
    AK002 Registered Posts: 2,492 Beyond epic contributor 🧙‍♂️
    Yep that's right.

    Only claim VAT on what has been paid.
  • jilt
    jilt Registered Posts: 2,903 Beyond epic contributor 🧙‍♂️
    Thanks AK, nice to have confirmation
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