Capital Allowances Act 2001 section 1A

Capital allowances and charges: cash basis

Section 1A sets out the rules governing capital allowances and charges for businesses that calculate their profits on the cash basis, including the key exception for cars and transitional rules when switching from accruals to cash basis accounting.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.