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Hello All,
My clinet has received a Pro-forma invoice for products that have a VAT element.
With standard VAT I wouldn't account for the VAT until an invoice was received. But what happens with VAT on a cash basis?
On a cash basis I am suposed to account for VAT when cash changes hands, so I am guessing that this is when I receive the Pro-forma, even thought the document sais that it is not a valid VAT document.
Thanks
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