We use some essential cookies to make this website work.
We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.
We also use cookies set by other sites to help us deliver content from their services.
You have accepted additional cookies. You can change your cookie settings at any time.
You have rejected additional cookies. You can change your cookie settings at any time.
Departments, agencies and public bodies
News stories, speeches, letters and notices
Detailed guidance, regulations and rules
Reports, analysis and official statistics
Consultations and strategy
Data, Freedom of Information releases and corporate reports
Small businesses can record income and expenses when money is actually paid rather than when they've invoiced or received
Cash basis accounting is the standard way to record your income and…
You can use cash basis if you’re a sole trader or partnership without…
You must keep records of all business income and expenses. You’ll need to…
From 6 April 2024, cash basis became the default method of accounting. You…
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme
Usually, the amount of VAT you pay HM Revenue and Customs (HMRC) is the…
You can use cash accounting if: your business is registered for VAT your…
How to join You must be eligible to join the scheme. You join at the…
Tax and reporting rules for employers who meet or reimburse an employee's expenses - scale rate payments round sum allowances (RSA)
How to pay your voluntary Class 3 National Insurance contributions - online, Direct Debit, bank transfer, cheque.
Johnny Mercer was Minister of State (Minister for Veterans’ Affairs) at the Cabinet Office between 25 October 2022 and 5 July 2024. He previously held the same role between 7 July 2022 and 6 September 2022. He was previously Minister...
How to pay Class 2 self-employed National Insurance contributions - online, bank transfer, cheque, payslips.
Find out how the Customs Declaration Service cash account works, when it can be used and what type of customs charges you can pay.
National Concessionary Fuel Scheme provides free solid fuel to ex-employees of NCB and BCC - what you'll get, eligibility and applying.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
Do not include personal or financial information like your National Insurance number or credit card details.
To help us improve GOV.UK, we’d like to know more about your visit today. Please fill in this survey (opens in a new tab and requires JavaScript).