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VCAS9250 | Cash accounting scheme: Previous changes to the scheme: Changes introduced on 1 April 1993

From HM Revenue & Customs · VAT Cash Accounting Scheme Manual

Amendment 3 to the 1991 version of Notice 731 was issued on 1 April 1993. The need to apply to use the scheme and notify local VAT offices (LVOs) when ceasing to leave the scheme was removed. The turnover for joining the scheme was increased to £350,000, and the tolerance for leaving the scheme was increased to £437,500.