régime de l'encaissement
English translation: cash scheme
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| 15:54 Nov 8, 2007 |
| French to English translations [Non-PRO] Law: Taxation & Customs / VAT | |||||||
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|  Selected response from: MatthewLaSon Local time: 21:03 | ||||||
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| 4 | cash (accounting) scheme |
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| 3 | cash basis - expl |
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Answers
8 mins confidence: 
cash basis - expl Explanation: VAT may be due either upon invoicing (régime des débits) or only when receiving cash from the customer (the present case). In some situation the company may elect for option or the other. Then the customer cannot deduct this very VAT before the supplier has paid it. If the supplier has elected for payment when paid, then the customer may not deduct VAT until he has paid this invoice. |
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12 hrs confidence:
cash (accounting) scheme Explanation: Hello, This is what they say in the UK. Under the cash accounting scheme you only account for and pay us VAT when your customer pays you. The scheme means that if you don’t get paid by your customers, you don’t have to pay us the VAT. Although scheme users can’t reclaim VAT on purchases until they pay their suppliers. It is ideal if your customers take a long time to pay you and can help your cash flow. I hope this helps. Reference: http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPort... Reference: http://www.maroc-compta.com/modules.php?name=Forums&file=vie... |
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