Cash based VAT reporting

In the UK businesses can register for 'Cash Based' VAT.  Basically this means that businesses only pay VAT on payments received and payments made.

It can get pretty complicated and I'm sure that if someone had thought it through properly in the first place it would not have been created - but we're stuck with it for now.

There is a discussion about this at:

https://frontaccounting.com/punbb/viewtopic.php?id=1119

I would say that the suggestion on the post at https://frontaccounting.com/punbb/viewtopic.php?pid=9091#p9091 is fairly close to how the data can be extracted.

At the end of the day - all payments against sales/purchase invoices which have VAT applied should be reported in the report.  How the liability is added should be set out in the wiki somewhere.

By being able to use FA for cash based VAT should open it up to a much wider market in the UK (and other countries like Austrlia) especially to the SME market.