As I understand it you get 1 penalty point for each late submission and once you hit 4 points you get a £200 fine. So no one would get a fine in Year One ...

It's not going to be a problem, because HMRC have, contrary to the law, fixed it so that you cannot make a calendar quarters election unless your period of accounts (what they erroneously call your ...

Have you ever reviewed your year-end numbers and realised that, despite a full pipeline of work and a team stretched across ...

A client's wife contacted me as HMRC keep changing her tax code re. estimated tax on interest received. She called HMRC and the call handler told her she ...

This year I submitted micro-entity accounts via the Web Filing service. Unfortuantely it seems that Web Filing only keeps the iXBRL file for 10 days.

You wouldn’t use a calculator from 1985 to manage a 2026 global supply chain—so why are you still trusting £10m in lease liabilities to a manual ...

Here's the latest stats from Jacques Malan of Xama on Companies House ID filings. We have just passed 3 full months since this started on 18 November.

The most common thread running through every firm’s growth journey is that they’ve learned lessons along the way. It comes ...

For many years, AccountingWEB has been covering the transition of firms moving from focusing mainly on compliance to offering ...

Lycamobile UK Ltd (LMUK) supplies telecommunications services via other mobile operators' networks, including through ...

The email I received this afternoon from HMRC ("*Agent Update: Issue 140 is available now*") is really just a notification to me to view the latest Agent ...

For many growing organisations, multi‑entity structures emerge gradually when a new subsidiary is formed, the company expands across borders, or a ...