How to complete a VAT return
Whether you are on the standard or the cash accounting scheme this is how you should complete your VAT return. The only difference is that with the standard scheme you will include all transactions as at their invoice date, whereas for the cash accounting they are...VAT reverse charge for building and construction services
On 1st March 2021, the VAT reverse charge for building and construction services came into effect for VAT registered businesses in the Construction Industry Scheme. In a nutshell, from 1st March 2021, the reverse charge means that a subcontractor in the CIS scheme...What is the difference between Cash accounting and Invoice accounting for VAT?
Comparison of benefits of each scenario when using Cash or Invoice based accounting.