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HMRC internal manual

VAT Cash Accounting Scheme Manual

Cash accounting scheme: Introduction: Public Notice 731 Cash Accounting

Some additional rules, made under Regulations 57 and 59, about operating the Cash Accounting scheme are included in Notice 731 Cash accounting (GOV.UK).

Notice 731 explains:

  • what the scheme is
  • how the scheme works
  • eligibility
  • conditions for use
  • record keeping requirements
  • leaving or removal
  • how to account for VAT
  • special rules for particular transactions
  • use of the scheme together with Annual Accounting.

Any rules that appear in the notice that are additional to those laid down in Regulations 56-65 have the force of law. For clarity all such additional rules appear in boxes within Notice 731.

Regulation 59 allows for the previously published terms of the scheme to be altered on publication of a new notice or an amendment to the existing notice.