Business

VAT cash accounting - let's keep it simple

Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid rather than on the basis of invoices issued and received.
Feargal McCormack
QUESTION: I own and operate a small business and my annual turnover is around £1 million. Some of my customers take a long time to pay me and I have paid the output VAT to HMRC perhaps two or three mo[...]

You have reached your limit of free articles

To read the full story

Registered users get 5 regular articles and 1 free Premium article per week.

 

 

Enjoy reading the Irish News?

Subscribe from just £1 for the first month to get full access

Today's horoscope

Horoscope


See a different horoscope: