compliance Archives - WRLO Accountants

Authorised Corporate Service Provider (ACSP)

WRLO Accountants — Tue, 16 Dec 2025 18:35:32 +0000

WRLO Accountants are now registered as an Authorised Corporate Service Provider (ACSP). Companies House have brought in legislation that requires all directors and people with significant control to have their identifications verified. ACSPs are also known as Companies House authorised agents. Please get in touch if you need help verifying your identification for your Limited company at Companies House. 01323 332043 info@wrloaccountants.co.uk

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HMRC launches new online help for compliance checks

WRLO Accountants — Fri, 09 May 2025 07:48:29 +0000

HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks. The Interactive Compliance Guidance tool available on GOV.UK provides information to help customers understand: · HMRC compliance checks. · Why HMRC has requested specific information or documents. · How to request extra support due to health or personal circumstances. · How to appoint someone to act on your behalf. · What to do if you disagree with a decision made by HMRC. · How to pay a tax assessment or penalty. The new tool brings together existing compliance guidance and videos in one place, making it easier to find and navigate the appropriate information, HMRC says. Joanne Walker, Low Incomes Tax Reform Group (LITRG) Technical Officer and Customer Experience Advisory Group (CEAG) member, said: ‘When unrepresented customers have a tax compliance problem, it can be difficult for them to find the help they need. ‘This new interactive tool from HMRC makes compliance guidance readily accessible in one place, and easier for people to find the information that […]

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Financial benefit of MTD could be as high as £915 million

WRLO Accountants — Sat, 08 Mar 2025 16:44:52 +0000

The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC. Since April 2022 all VAT-registered businesses should be using MTD compatible software to keep digital records and submit returns. HMRC used responses from a survey with businesses in MTD for VAT using fully functional software to estimate the average time savings businesses have made. The results showed that, on average, businesses have saved time on their ‘business’ finances and record keeping’ compared to time spent before MTD. Across all VAT businesses using fully compatible software, the time saved is estimated to be between 26 hours and 40 hours per business per year. HMRC said that if this was extrapolated to the population, it estimated a time saving of between 32 million hours and 49 million hours in the 2022/23 tax year across all businesses in MTD for VAT. The financial value of this time is estimated to be between £603 million and £915 million. HMRC said: ‘The results of our analysis provide strong evidence that Making Tax Digital is having a positive impact for businesses. The findings complement other published estimates of the administrative burden of Making Tax Digital […]

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