cash accounting

Thus the recognition occurs one step earlier than under cash accounting.

You can find further information in Notice 731 Cash accounting.

The cash accounting regulations were amended with effect from 3 July 1997.

In a cash accounting environment, total expenditures is often used as a benchmark.

Notice 731 Cash accounting tells you more about the special rules for this scheme.

Under a cash accounting system the manager would need also to make sure the invoice was paid before the end of the year.

For the purposes of the cash accounting scheme, you must be consistent in the method used.

Further information about the scheme is available in Notice 731 Cash accounting.

For further information on this scheme see Notice 731 Cash accounting.

This method is the flat rate scheme equivalent of cash accounting.

Supply estimates are based on a cash accounting system for payments and receipts.

It relies on cash accounting, which only records revenue or expenses when the money changes hands.

You will find full details of the scheme in Notice 731 Cash accounting.

The office holder is responsible for the cash accounting scheme adjustment described in paragraph 11.3.

Revised threshold for cash accounting scheme - paragraph 19.3.

Note: You cannot use the Cash accounting* scheme for imported goods.

"We also have an automated cash accounting system, which frees up more employees to help customers process transactions.

Cash accounting is simpler, but costs the Treasury revenue because it allows tax liability to be deferred.

This is explained in Notice 731 Cash accounting.

Full details are in Notice 731 Cash accounting.

Once you're using cash accounting, you can keep using it until your turnover exceeds £1.6 million.

Dependant on your own circumstances, there may be some disadvantages to using cash accounting:

You can use cash accounting if you estimate that your turnover during the next tax year will be no more than £1.35 million.

Past and future cash outlays often do not appear on annual budgets under cash accounting systems.

Details of how the scheme operates can be found in Notice 731 Cash Accounting.