I have a client who has always been under the cash accounting limit. In addition to the company's normal business it has recently branched out to do work on new residentail buildings site preparation.
The profit margin on these assignments is not high but the amounts received can be large. For cash accounting do these zero-rated supplies need to be considered or is it only the taxable supplies that have had VAT charged that need to be taken into account?
many thanks
Aidan Costello