Find out how the VAT cash accounting scheme works and conditions you must meet if you want to use it.

Detail

This notice cancels and replaces Notice 731 (November 2013). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

The legal basis for the cash accounting scheme is in the VAT Regulations 1995, regulations 56 to 65. Parts of this notice have the force of law under these regulations. These parts are indicated.

The following sentence has the force of law.

You cannot retrospectively apply the cash accounting scheme to your business.

1. Overview

1.1 What this notice is about

This notice explains how the cash accounting scheme works and the conditions you must meet if you want to use it.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.