Cash Accounting VAT
jilt
Registered Posts: 2,892 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.
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Comments
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Yep that's right.
Only claim VAT on what has been paid.0 -
Thanks AK, nice to have confirmation0