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Small businesses can record income and expenses when money is actually paid rather than when they've invoiced or received

• Overview

  Cash basis accounting is the standard way to record your income and…

• Who can use cash basis

  You can use cash basis if you’re a sole trader or partnership without…

• How to record income and expenses

  You must keep records of all business income and expenses. You’ll need to…

• Cash basis before 6 April 2024

  From 6 April 2024, cash basis became the default method of accounting. You…

Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.

• Updated: 18 December 2023

Find out what information you must send with a transfer of funds if you’re a payment service provider.

• Updated: 14 September 2017

What to do about tax and National Insurance if you pay an employee free of tax.

• Updated: 12 June 2014

How charities can hold, move and receive funds in the UK and internationally using formal banking systems and other methods.

• Updated: 5 January 2011

• Updated: 16 February 2026

How to pay Corporation Tax: payment reference number, online, Bacs or CHAPS, Direct Debit, cheque or at your bank.

Get help with savings if you're on a low income (Help to Save) - how it works, what you'll get, eligibility, how it affects your benefits and how to apply online.

Payment options for your Self Assessment tax bill - Direct Debit, bank transfer, through your tax code, debit or credit card, cheque and pay weekly or monthly

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.

• Updated: 19 December 2018