Taxing, no more! AI and Robotics eases compliance processes

  Robotics and artificial intelligence (AI) continue to become more prevalent in the functioning of businesses and economies around the globe. In the past five years, it has revolutionized many industries and facets of economic proliferators like for instance, the world … Continue reading

A guide to registering a Non-resident company for Corporation Tax in the UK

    Do you operate your company in the United Kingdom but the control and management don’t reside there? Then you must be in quite a quandary about your tax situation! Registering for Corporation Tax in Britain has its share … Continue reading

HMRC Corporation Tax Penalties – Circumstances & charges

  If your company is registered in the UK under Companies House and received ‘notice to deliver a Company Tax Return’ from HM Revenue and Customs (HMRC), it is mandatory to file your returns both with Companies House and HMRC. … Continue reading

Country-by-Country reporting norms for MNEs : A quick look

Country-by-Country reporting norms for MNEs will make the financial system more transparent and resilient What is Country-by-Country Reporting (CbCR)? More and more countries are requiring multinational enterprises (MNEs) to comply with the new model of tax reporting and compliance. MNEs … Continue reading

Detailed Profit and Loss Taxonomies mandate from HMRC

All tax filing submissions to HMRC, on or after 1st April 2014, that contain a detailed Profit and Loss (whether it appears in the accounts or computations) must be tagged in iXBRL using the DPL taxonomy. DPL taxonomy is intended … Continue reading

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