Cash Accounting Box 6 Figure

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  • 31 December 2019 at 12:26 #55621
    AMC
    Member

    Please could you clarify which figure should be included in box 6:
    Example: 
    Cash takings received £1000, cash expenditure £200, cash banked £800.

    Should it be the amount of takings being £1000 or the amount banked £800?

    Thanks

    2 January 2020 at 10:25 #55976
    VAT-adviser
    Member

    If you use the VAT cash accounting scheme there are special rules for completing boxes 1, 4, 6 and 7 of the return. All other boxes are completed as normal.

     

    Box 1: is the VAT on cash receipts you have had (not invoices issued)

    Box 4: is the VAT on the cash payments you have made (not invoices received)

    Box 6: total cash sales (£1,000)

    Box 7: total cash purchases ( £200)

    2 January 2020 at 11:57 #55977
    AMC
    Member

    Many thanks for clarifying.

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