What does Cash and Accrual accounting mean?

What is cash accounting for VAT?
What is accrual accounting for VAT?

Why do I need to understand the difference between cash and accrual accounting?

What are the benefits of cash or accrual accounting for my business?

Am I eligible to use cash accounting instead of accrual accounting in my business?

This short video explains the rules, the differences and why you should maybe consider cash accounting for VAT if you are eligible

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