London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Voluntary cash basis for small businesses

HMRC has issued a Question and Answer paper on its proposals to introduce a voluntary cash basis for small sole-traders.

Broadly the cash basis will be available to small unincorporated businesses with receipts of less than £77,000, and they could continue to use it until their receipts rise to more than £150,000 in any year.

 

 

Date: 4th July, 2012
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Lisa Spearman, Private Client Partner advises on 'Tales of the unexpected : UK tax where you didn’t think you would… twitter.com/i/web/status/1…

Observations on the government consultation response of 26 August 2018 by Chris Laughton, a corporate advisory part… twitter.com/i/web/status/1…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn