I use cash accounting for Vat. Can someone clarify whether the vat is declared on the vat return when Amazon receive the sales money or when they pay over to me into my bank account. Obviously they do not pay the money immediately so potentially affects my vat return.
Also how do I record the sales. Do I allocate to individual customers or use Amazon as the customer. Is this daily, weekly or monthly as individual sales or as one figure.
Thank you in anticipation
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Do what is easiest
All that really matters is that the VAT is correct, no misses and no duplicates.
remember that there still exists the operating to nearest convenient date + or- 7 days, provided outputs and inputs both use the same cut off date
Traders used to work to the most convenient Saturday or Sunday in the days before 24/7