We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
cash basis and UC .v. tax return
novamation
Posts: 180 Forumite
in Cutting tax
I've been on UC for all of 2021, whilst being self-employed as well, and was self-employed for years beforehand. For UC, I have to declare income as cash basis, as I receive it, but for the tax return, it's always been traditional accounting.
Does this mean I have to switch to cash basis, instead of traditional accounting, for the tax return as well?
0
Comments
-
meant to ask, can I remain doing traditional accounting.
0 -
No, they're completely separate things. You can continue your self assessment on the traditional basis if you prefer.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards