Page 9 - F6 Slide - VAT Part 1 - Lecture Day 5
P. 9

Invoice Basis



                                                                        9

            Account for VAT:







            Earlier of:



           invoice is issued                                 OR



           any payment is received











     Exception                         Supply of fixed property






                                                                           When payment is received
   4   5   6   7   8   9   10   11   12   13   14