Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 4 U.K. Cash basis for small businesses

PART 1 U.K. Main provisions

Receipts U.K.

19 U.K. After section 95 insert—

“Cash basis accounting U.K.

95A Application of Chapter to the cash basis

For rules about receipts that apply only for the purpose of calculating profits on the cash basis, see the following—

• section 96A (cash basis: capital receipts),

• section 97A (cash basis: value of trading stock on cessation of trade),

• section 97B (cash basis: value of work in progress on cessation of profession or vocation).”