HMRC internal manual

VAT Cash Accounting Scheme Manual

Cash accounting scheme: Previous changes to the scheme: Changes introduced on 1 October 1990

You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.

Amendment 3 to the 1987 version of Notice 731 was issued on 1 October 1990 and it increased

  • the £250,000 turnover threshold to £300,000 and
  • the £312,500 tolerance for leaving the scheme to £375,000.