VAT - Adv payments

[Josvill2010]

When do you have to pay the VAT on an advance payment?

1. When you issue the advance payment request to the customer?
2. When you receive the advance payment?
3. When you issue the final invoice for the project? thanks, j



jo

 

[Domo]

If you are accounting for VAT on the cash receipts basis you pay the VAT on that basis only - when you receive the cash.