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.