Hi I understand that post-cessation receipts are any receipts that a trader has after his business is closed down, but if these are taxed as non-savings income does this mean that post-cessation receipts are income??? so would this be trading income coming in after the business closes down.
Sorry it is probably obvious - but I think can't stop thinking of a receipt as an expense.
Dont understand how a business can receive money after it has ceased. By inference to receive money it has to be active.
It may be what is being received is work that was invoiced before the business was ceased ie the the sale has been included in the cessation but the money coming in is just the outstanding debt.
