VATTOS1400 - Introduction: interaction with retail schemes and cash accounting

Retail schemes and cash accounting do not override the time of supply rules. What they do is amend the point at which VAT is accounted for on supplies falling within the scheme.This may be at a time that is different to the tax point for the supply. Any questions concerning the time at which tax should be accounted for by those using either of these types of scheme should therefore be considered against the scheme rules, rather than the time of supply rules. Further information about this can be found in the manual covering schemes.