So how do you use the cash accounting method when your due invoice is beyond the VAT due date for that period and you have invoiced in a currency other than the company is trading in. I.e. invoice in euros trading in sterling.
Yes, no VAT is payable, however, it makes tracking an accurate sale amount on your return a guessing game.
Yes, no VAT is payable, however, it makes tracking an accurate sale amount on your return a guessing game.
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