Rental income, self assessment, 11 monthly payment in the year

UKSBD

For rental income Is it the date you receive payment that sets the tax point ?
Checking back through rental payments for a property I let out
Received a Payment on 2/4/2020 which was recorded on my 19/20 self assessment
This year I didn't receive the payment until 8/4/2021
Does this mean I just record the 11 payments on my 20/21 self assessment and potentially have 13 in 21/22?

princeofpounds

I think this explains your eligibility for cash-basis accounting, rather than accrual: https://www.gov.uk/simpler-income-tax-cash-basis

But doubtless someone will come and confirm.

gingercordial

Since 17/18 you should be using a "cash basis".  This means you only report what you actually receive in the tax year.  In your case yes, that means only 11 receipts in 20/21, as the 8/4/21 receipt needs to go into your 21/22 calculation.

This is assuming:
- You don't earn over £150,000 per year from rentals
- You are doing this as an individual, not a company
- You have not made a special election with HMRC to use the "accruals basis" instead

UKSBD

thanks both