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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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