Finance Bill marks cash basis enactment

On 28 March the government published Finance Bill 2013, enacting tax measures announced in the last two Budgets, including the well-debated introduction of cash-based accounting for small businesses.

The new bill provides further technical notes and final wording of incoming legislation, and according to a Treasury statement, includes measures which “support growth and enterprise, help working families, and ensure that everyone pays their fair share of tax.”

Tax editor Rebecca Benneyworth flagged up...

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