Cash basis persons under the financial arrangements rules
This fact sheet accompanies interpretation statement IS 22/05 which explains when a person can account for income and expenditure from financial arrangements on a cash basis instead of an accrual basis. The statement 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.
Related item
IS 22/05: Cash basis persons under the financial arrangements rules (interpretation statement)