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  • 13 years ago
http://www.duncandovico.com.au/accountants-sydney
The Cash Accounting Scheme Allows You
To Account For VAT (Output Tax)
On Your Sales On The Basis Of
Payments You Receive Rather Than
On Tax Invoices You Issue.
This Is Different From The Normal Rules
That Require You To Account For VAT
On Your Sales As They Take Place Or
As Soon As You Issue A VAT Invoice,
Even If Your Customer Has Not Paid You.
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