VAT Quarter-End Cut-Off: When Bank Statement Dates Lie

The date on your bank statement is the date money moved. It is almost never the date HMRC cares about for VAT. Here is what actually counts as the tax point.

Summary

The tax point rules under VAT Notice 700 §14 — and the four cut-off errors (card settlement lag, Direct Debit collection, deposits, retentions) that put transactions in the wrong VAT period.

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