I am just in the process of changing our VAT from cash accounting to accrual accounting.
When I do this our vat liability take a rather large unexpected leap.
We go from around £4k of vat being owed to 67k of VAT being owed which is a significant increase and also really is not the correct figure at all.
I have taken a look at the calulatations at it appears that it recalculating VAT from previous submissions and not treating it that we have already paid vat on those under the cash accounting scheme.
I’m assuming this is a small bug on the system but somewhere that when the scheme changes it stops taking into account previous submissions?