Once he got past the introductory Labour-baiting in his Budget speech, one of the first things Chancellor George Osborne promised was a “modernised tax system”.
cash accounting
The Office of Tax Simplification (OTS) has said that the smallest businesses should be allowed to use receip
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There has been much talk lately of accounting standards: what they are, what they are for, and whether they should be relaxed for some small businesses, explains Simon Sweetman.
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The Institute of Directors (IoD) has come out in favour of the Office of Tax Simplification’s (OTS) proposal to use cash accounting as the basis for taxing small businesses.
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HI.
Sales on ebay. VAT registered business. Cash Accounting for VAT.
Let's say; £12.00 sale including VAT.
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