Guidelines for Compliance — Assistance with VAT Compliance Controls
HMRC has recently released its ‘Guidelines for Compliance — Assistance with VAT Compliance Controls’. These guidelines are offering businesses valuable advice on maintaining robust VAT processes. Purpose of Guidelines These guidelines are specifically tailored for UK businesses that are registered for VAT and operate under the invoice accounting system. Under this system, VAT is generally […]
Companies House Transitioning to New One Login System
From Autumn 2024, Companies House online services will start transitioning to the new government One Login service, with the WebFiling service following at a later date. One Login Process Businesses using Companies House online services will need to switch to GOV.UK One Login, the government’s new single sign-in service. This is replacing the current Government […]
Proposed Increases in Company Size Thresholds for UK Audits
As the United Kingdom is no longer within the European Union the government is not tied into the maximum EU thresholds. The Government announced on 18th March 2024 the proposal to increase these thresholds. These proposed changes are part of the ongoing reforms aimed at reducing the regulatory burden on small and medium-sized enterprises (SMEs) […]
VAT Registration Estimator
The UK’s tax authority, HM Revenue and Customs (HMRC) has introduced a new digital tool to help businesses estimate the implications of registering for Value Added Tax (VAT). The VAT Registration Estimator was developed in response to feedback from small businesses, who said an online tool would be helpful in determining when their turnover may […]
NRB Currency Converter: Revolutionising International Payments
In today’s interconnected world, managing international transactions is crucial for businesses. That’s why we have teamed up with Crezco to provide our own powerful and user-friendly NRB currency converter which allows you to benchmark your foreign currency transaction. This exchange tool provides an efficient and cost-effective solution for handling cross-border finances, benefiting companies of all […]
