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What happens if you go over the exit threshold?

One of our subscribers uses the cash accounting scheme due to its cash flow advantages. They exceeded the scheme’s exit threshold at the end of the last period due to the sale of an asset that was subject to VAT. Can they remain in the scheme? More...


Avoid cash flow issues when leaving cash accounting

Your business needs to leave the cash accounting scheme and you must now account for VAT based on its debtors and creditors. This could cause you a temporary cash flow crisis but is there a way of sidestepping this problem? More...


Leaving cash accounting without cash-flow problems

The cash accounting scheme is a valuable way of simplifying a small business’s VAT reporting, but if you leave the scheme your cash flow can take a hit. What can you do to continue enjoying the benefits? More...


Dealing with part payments and barter transactions

What happens if your business receives part payments or payments in kind when it uses cash accounting? And what if the supplies are chargeable at different VAT rates? More...


Leaving cash accounting?

It’s widely accepted that the cash accounting scheme is good for small businesses. However, there are pitfalls to be wary of when leaving the scheme because turnover exceeds the limits. How can you play it safe? More...


Improving your cash flow

You’ve heard that the cash accounting scheme allows you to account for VAT when you get paid rather than when you issue an invoice. How does it work and how do you join? More...


How to obtain cash flow savings from the VATman

Every three months you have to pay over your VAT to HMRC, but are you paying it sooner than you have to? There are ways you can improve your cash flow by reducing the VAT you pay; here are a few of them. More...
Last updated: 29.05.2020

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