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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…
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…
Find out how the Customs Declaration Service cash account works, when it can be used and what type of customs charges you can pay.
Tax and reporting rules for employers who meet or reimburse an employee's expenses - scale rate payments round sum allowances (RSA)
How to pay into or top up your cash account if you're making a frontier declaration.
This measure introduces a new tax on exceptional electricity generation receipts of qualifying generating undertakings from 1 January 2023 to 31 March 2028.
Find out how to operate PAYE if you pay your employees with assets that can be sold or cashed in, like stocks, shares or cryptoassets.
The emission limit values (ELVs) and air quality standards specified generators must meet, including the deadlines for complying.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
This technical note explains the increase to the Electricity Generator Levy rate from 1 July 2026.
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