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Accounting for VAT on moneys received

  1. Overview
  2. Who may opt for the moneys received basis?
  3. How do you apply for the moneys received basis?
  4. Changing to and from the moneys received basis
  5. VAT rates on the moneys received basis
  6. What sums are included in the moneys received basis?
  7. Moneys received basis eligibility and cancellation

Overview

This section sets out the basis on which Value-Added Tax (VAT) registered persons may opt to account for VAT on the basis of moneys received.

It describes how such persons may apply to operate this scheme and the rules of the scheme.

This guidance should be read in conjunction with the VAT guidance special schemes for retailers.

Next: Who may opt for the moneys received basis?

Published: 26 August 2024 Print this page

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