Incomes like rent, interest on investments, commission etc are examples of accrued income.

Accrued Income Sheme.

Also, under the accrued income scheme the gilt buyer will pay for the accrued gross interest since the last interest payment date.

Accrued income is an income which has been accumulated or accrued irrespective to actual receipt, which means event occurred but cash not yet received.

Mr. Passell then equates the absence of a putative new tax on accrued income in pension plans with an "adverse impact on income distribution."

The proceeds are also an accrued income (asset) on the balance sheet for the delivery fiscal year, but not for the next fiscal year when cash is received.

If the purchases of the securities are arranged so that they do not mature until after your grandchildren reach age 14, most of the accrued income they produce will be taxed at the children's rate.

HS343 (PDF, 167KB) Guidance to help you decide whether the Accrued Income Scheme applies, and if so, how to work out your accrued income profits or losses.