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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Armchair general Taxation of costs Business Angel
Working Population Melt Value EMU
Pro tanto Downtime Residential property
Shareholder agreement Free Zone Testacy
Over the Counter CFR EMEAI
Financial Intermediary Tax Avoidance Financial Ombudsman Service
Loan Garage Sale Obsolete
Job production Recycle Restraint of trade
Contingent order Kelvin Opportunity Costs
Hysteresis Cash Flow UFT
Forward Rate Foreign position Ringgit
Application Birr Dividend cover
Tax Year Out of Pocket Floating Charge

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

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