Poor article- no detail available on what this entails yet.
The EU (via their parliament) threw out the cash accounting proposal last year.
As I understand it, this is an amended version which does not allow cash accounting but merely means that micro entities dont have to prepare full accrual accounts. I cant even see HMRC agreeing to this. There was no chance of them agreeing to cash accounting.
My answers
Poor article- no detail available on what this entails yet.
The EU (via their parliament) threw out the cash accounting proposal last year.
As I understand it, this is an amended version which does not allow cash accounting but merely means that micro entities dont have to prepare full accrual accounts. I cant even see HMRC agreeing to this. There was no chance of them agreeing to cash accounting.