Page 5 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 5

VAT admin










                                                                                  Accounting basis








         2 Accounting bases that may be applied by a


         vendor to account for VAT








        Invoice basis



        Payments basis                                                                      Determines



                                                                                           time of supply
   1   2   3   4   5   6   7   8   9   10