Cash accounting scheme: Previous changes to the scheme: Changes introduced on 1 March 1990
Amendment 2 to the 1987 version of Notice 731 was issued on 1 March 1990 and introduced the following changes:
- businesses were allowed to join the scheme with debts below £1000 (the debt could include surcharge and penalties) provided an agreement was in place to pay the debt;
- businesses were allowed to leave the scheme before minimum of 2 years if not gaining any benefit or if their accounting system couldn’t cope with the requirements;
- businesses had to keep a summary record of sales and purchases withdrawn.