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Business Terms and Jargon Explained

What is Cash Accounting

Tax Definition:-
A method of accounting for VAT on the basis of cash paid and received, rather than on tax invoices issued and received. Use of the method is subject to conditions.

© Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-08 13:14:51

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