A brief question that may have been asked before about the method for calculating rolling turnover for VAT purposes.
When calculating VAT on a rolling 12 month basis, is it an acceptable method to use the value of invoice payments received within that month?
E.g. If a company received payments of £5k in January, to add that into the equation on the rolling turnover calc?
Or is the correct method to calculate the total value of invoices raised in that given month?
Or would either method be acceptable?