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Is the declaration of rateable remuneration based on cash accounting or accrual?

April 26, 2017Accounting accrual based cash Declaration rateable remuneration

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Is the declaration of rateable remuneration based on cash accounting or accrual?

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Remuneration is calculated on an accrual accounting basis, and includes remuneration paid or payable in a financial year. Rateable remuneration totals the value of the services accrued in the policy year regardless of whether they were paid in that year.