BIM74000 - Abolition of the cash basis: contents
This chapter contains the following:
| BIM74001 | History and overview |
| BIM74005 | Barristers |
| BIM74010 | The new legislation |
| BIM74015 | When does the new legislation first apply? |
| BIM74020 | Barristers and Advocates in early years of practise: FA98/S43 and ITTOIA05/S160 |
| BIM74025 | The 'catching up charge': FA98/SCH6 |
| BIM74030 | How to compute the catching up charge: FA98/SCH6/PARA3 |
| BIM74035 | What is the annual amount of the catch up charge? |
| BIM74040 | Example of the catching up charge |
| BIM74045 | Election under FA98/SCH6/PARA5 (2) |
| BIM74050 | Partnerships: FA98/SCH6/PARA6 |
| BIM74055 | Examples |
| BIM74060 | First returns that are affected by the change |
| BIM74065 | Accounts drawn up to 05/04/2000 |
| BIM74070 | How to do 'true and fair view' |
| BIM74075 | Note agreed with the ICAEW |
| BIM74080 | Notes agreed with representatives of Solicitors and Barristers |
| BIM74085 | No return to 'bills delivered basis' |
| BIM74090 | Role of Inspectors |
| BIM74095 | Practical aspects |
| BIM74100 | Where enquiries may be worthwhile |
| BIM74105 | When to ask questions |
| BIM74110 | Importance of consistency |
| BIM74115 | Requests to approve basis of valuation |
| BIM74120 | Response to requests for approval |
| BIM74130 | ICAEW note on true and fair view |
| BIM74135 | Annex B to ICAEW note |
| BIM74140 | Annex C to ICAEW note |
| BIM74145 | Annex D to ICAEW note |
| BIM74150 | Law Society guidance note |
This guidance has been updated to reflect the legislation
amended by FA02 or rewritten by ITTOIA05 so far as it relates to
barristers in the early years of practice. Other statutory
references have been left in their original form since they are
relevant only to the historic abolition of the cash basis. For more
information on other changes in accounting basis/policy see
BIM34000 and following – Change of basis of computing taxable
profits. For 05/06 and following alterations have been made to
reflect the ITTOIA changes and the chargeable amount is described
as adjustment income rather than Case VI income.
