Hi Can anyone explain vat return is not pick up sale invoice could that I have not received the payment but I tick cash account in vat setting. thanks
I’m not sure I 100% understand, but please correct me if I’m wrong:
You have a VAT invoice that has been paid, but is missing from the VAT return?
There are a few things that may cause this, such as:
- Does the invoice have VAT recorded on it?
- Are you viewing the return for the correct period (the one in which the payment was made)?
- Is the VAT set up as Cash Accounting? If it’s Accrual Accounting, it would pick it up for the date of the invoice rather than the payment
If you could provide me with an invoice number that you’re querying, I’m happy to take a closer look for you?
If you have ticked “cash accounting” then it is correct - the whole point of cash accounting is that you only have to pay the VAT to HMRC after your customers have paid you.
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