Reply To: Cash Accounting Box 6 Figure

Forum Categories GENERAL VAT DISCUSSIONS Cash Accounting Box 6 Figure Reply To: Cash Accounting Box 6 Figure

#55976
VAT-adviser
Member

If you use the VAT cash accounting scheme there are special rules for completing boxes 1, 4, 6 and 7 of the return. All other boxes are completed as normal.

 

Box 1: is the VAT on cash receipts you have had (not invoices issued)

Box 4: is the VAT on the cash payments you have made (not invoices received)

Box 6: total cash sales (£1,000)

Box 7: total cash purchases ( £200)