meuk
17th March 2009, 12:33
i find cash flow a problem when invoices haven't been paid yet, but the vat has to be paid to the tax man.
then i read about cash accounting
(cant link to it on hmrc due to forum rules)
i am currently on the fixed rate scheme. is it possible to stay on the scheme and also use cash accounting, or can it only be one method?
then i read about cash accounting
(cant link to it on hmrc due to forum rules)
i am currently on the fixed rate scheme. is it possible to stay on the scheme and also use cash accounting, or can it only be one method?