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Understanding VAT cash accounting

If your business is VAT registered, or about to be, you’ll need to decide which method to use when calculating VAT. Watch our video tutorial to understand the benefits of using the VAT cash accounting scheme vs the standard VAT scheme.

Learn more about calculating VAT based on invoice dates versus invoice payments.

Benefits of VAT Cash Accounting Guide

Using cash accounting means a business can account for and pay VAT based on the cash it actually receives or pays, rather than on invoices which show the the cash it expects to receive or pay. Our short guide to VAT Cash Accounting explains the process in more detail, to help you understand whether or not it’s right for your business.


Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

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Call us on 020 3355 4047 if you’re not sure.