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Small businesses can record income and expenses when money is actually paid rather than when they've invoiced or received
‘Cash basis’ is a way to work out your income and expenses for your Self…
You can use cash basis if you: run a small self-employed business, for…
At the end of the tax year, work out your taxable profit from your cash…
You must keep records of all business income and expenses to work out your…
You can start to use cash basis if you’re VAT registered as long as your…
If you’re a sole trader or partner, cash basis is the default way to work…
Find out what income you need to include in your tax credits claim or renewal.
Tax and reporting rules for employers who meet or reimburse an employee's expenses - scale rate payments round sum allowances (RSA)
As an employer providing business or private expenses for your employees,…
In general, something only counts as a business expense if your employee…
Private expenses are anything that does not count as a business expense,…
If you provide your employees with a set amount of cash to pay for some…
If you provide a set amount of cash for employees regardless of how they…
The following guides contain more detailed information: criteria for…
Find out how to value company benefits for your employees.
Find out how to operate PAYE if you pay your employees with assets that can be sold or cashed in, like stocks, shares or cryptoassets.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
This tax information and impact note details legislation introduced to expand the income tax cash basis for the self-employed and partnerships, and to set the cash basis as the default method of calculating trading profits.
What to do about tax and National Insurance if you pay an employee free of tax.
You must declare £10,000 or more in cash, or the equivalent in another currency, if you take it between Great Britain and any other country.
Tax and reporting rules for employers providing bonus payments to employees
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme
Find out about tax as a landlord, and how to work out your rental income if you rent out property.
Business expenses you can claim if you're self-employed
Find out about the rules when a benefit is provided as part of optional remuneration arrangements.
Find out what you must show on P11D and P11D(b) to declare your company's expenses, benefits and Class 1A National Insurance contributions.
Don’t include personal or financial information like your National Insurance number or credit card details.
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