This tax information and impact note details an increase in the cash basis entry threshold for calculating taxable profits.
This measure increases the entry threshold for the cash basis method of computing taxable profits from £83,000 (the VAT registration threshold) to £150,000, effective from 6 April 2017.
8 March 2017
HM Revenue & Customs
Spring Budget 2017: tax-related documents
Tax information and impact notes
Spring Budget 2017
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