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PUB00396: Cash basis persons under the financial arrangements rules

This interpretation statement explains when a person can account for income and expenditure from financial arrangements on a cash basis instead of an accrual basis.  It also sets out the adjustment that must usually be made when a person ceases to be a cash basis person and must account for their financial arrangements using the accrual basis.  The statement is accompanied by a fact sheet.

This statement was originally issued for public consultation on 2 March and is now being re-consulted. The major differences are listed on the first page of the new statement.

Consultation period: 20 June 2022 to 15 July 2022

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If you would like a copy of the statement or fact sheet in Word, contact us at the above email address.