Monthly Archives: May 2016

PSC Register Now Obligatory for Limited Companies & limited liability partnerships

mm

Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
mm

Transparency Torn Paper ConceptA significant change in the legal reporting of businesses came into effect in April 2016.  The change from Companies House requires Limited Companies and Limited Liability Partnerships (LLPs) to create and maintain a register, called the PSC Register, detailing who is in control of their business. The change has been made in a bid to make the ownership of UK businesses more transparent.

Continue reading

Paperless CIS Returns have become Mandatory as of April 2016

mm

Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
mm

Judge gavel with measure tape above construction blueprintAs of 6th April this year the paper CIS300 tax return has been replaced by the requirement for an electronic submission to HMRC.  It is estimated that 25,000 contractors will be impacted by this change and will need to have amended their procedures before the first submission deadline on 19th May.

Continue reading