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…
Find out how the new Customs Declaration Service cash account works, when it can be used and what type of customs charges you can pay.
How to pay into or top up your cash account if you're making a frontier declaration.
Find out how venture capital schemes work, who can apply and what tax reliefs are available for your investors.
You must declare £10,000 or more in cash, or the equivalent in another currency, if you take it between Great Britain and any other country.
Personal pensions, stakeholder pensions, SIPPs
Find out how the scheme works, including issuing shares and raising money, and how to submit your compliance statement.
Free and impartial help with money and pensions.
How to use a risk-based approach to carry out compulsory risk assessments of your business.
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme
Don’t 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).