Commentary

V7.400 Cash flow improvement—introduction

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.400 Cash flow improvement—introduction

Part V7 Tax planning | Commentary

VAT planning tips to improve cash flow

V7.400 Cash flow improvement—introduction

As far as VAT is concerned, it is fair to say that both advisers and clients will be faced with different challenges when cash rather than profits are in short supply. For example, questions such as 'Can I claim input tax on my new personalised number plate?' may be replaced by questions like 'What happens if I can't pay my VAT bill on time?' or 'What happens if my customers haven't paid their invoices for the last three months?'

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