HND Accounting – Business Taxation J0LY 35
Following HMRC’s decision to make Cash-Basis Accounting the default method for self-employed traders and partners, SQA has made a change to the HN Unit Business Taxation J0LY 35 to bring it into line. Consequently, the treatment of Capital Allowances has been moved from Outcome 1 (Sole Traders) to Outcome 3 (Corporation Tax). Given the timing of the change, and that both remain potentially valid methods, centres may use either for the remainder of session 2024/25. Centres must adhere to the…
