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  • Accounting VAT on cash basis

    Hi My client is a VAT registered limited company ( E&W)and has a quarterly turnover of more than £100K. Presently VAT is submitted on accrual basis. My client receives payment late from custmers( some of the invoices after 3 months) and find difficult to fund VAT in advance. Can we use cash accounting for VAT? if Yes, can I start commencing with the new quarter? Appreciate your guidance.