Which vat scheme to use?
Dear Colleagues,
I've taken on a new client, small ltd co. They are involved in collecting recyclable waste from small firms, often free of charge, cleaning and recycling the items, e.g. 1 ton tote bins and selling them on at a profit. Due to the nature of their business, they have a number of sales were they are paid directly in cash, also, 2 of the clients they have which are repeat fee clients are currently imposing 60day payment terms on their invoices- so cashflow could be an issue. Given this info, what VAT scheme would you advise this co. to sign up to?

VAT Cash
Either VAT cash accounting or Flat rate cash accounting