Cash Accounting for VAT | AccountingWEB

Cash Accounting for VAT

We switched to the Cash Accounting scheme a couple of years ago to help with cash flow.

Can anyone tell me on what basis sales should be recorded in the accounts.  I am AAT qualified and my understanding was that the general accounting principle was on an accruals basis - does this change because we are using the Cash Accounting scheme?

Thanks in advance.



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twj4789 |

So, just for clarification -

lfc4eva |


twj4789 |

Thanks.  That is exactly what

lfc4eva |