Legal & Finance: Vat Cash Accounting Scheme Extends to Extra 50,000 Businesses

Birmingham Post › February 23, 2007

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Summary

Midlands-based accountants Dains has welcomed news of an extension of the popular VAT cash accounting scheme to an additional 50,000 businesses.

HM Revenue & Customs has announced that, with effect from April 1, the upper turnover limit for entry will rise from pounds 660,000 to pounds 1,350,000, meaning many more businesses will be able to take advantage of the associated cash flow benefit.

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Legal & Finance: Vat Cash Accounting Scheme Extends to Extra 50,000 Businesses

Cash accounting delays the moment at which a business is ...

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