Imports and acquisitions from another member state

The scheme cannot be used for imports and acquisitions of goods from a person in another member state and VAT must be accounted for on those transactions in the normal way (Notice 731, para. 5.5 (2015 edn)).

Transactions treated outside the cash accounting scheme

The following transactions must be treated outside the cash accounting scheme:

(1)lease purchase;

(2)hire-purchase;

(3)conditional sale;

(4)credit sale agreements;

(5)supplies where a VAT invoice is issued and full payment of the amount shown on the invoice is not due within six months of the date of issue of the VAT invoice; and

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