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Any Answers - AccountingWEB
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Moneysoft - AccountingWEB
WEBPayroll Manager is a comprehensive, easy to use, HMRC recognised for 2019-20 RTI compliant payroll software package used by thousands of SME’s, agents, accountants and CIS Contractors across the UK. In the first 6 months of the tax year 2018-19, more than 1.5 million RTI submissions were successfully filed through our software.Features to support Automatic Enrolment of
Deferred tax: Get the details right - AccountingWEB
WEBDec 7, 2021 · FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland deals with deferred tax in Section 29 Income Tax.For micro-entities choosing to prepare financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime, deferred tax is irrelevant.. FRS 102 requires deferred tax to be recognised on all timing differences that have ...
Time to focus on the associated company rules - AccountingWEB
WEBMar 10, 2023 · From 1 April 2023, we will no longer have the simplicity of a single corporation tax rate, but instead be back to the position last seen in 2015 of juggling two rates and marginal relief.
FRS 102: Finance and operating leases - AccountingWEB
WEBMar 13, 2017 · Effective interest method. Where the calculation of the interest expense in a finance lease is concerned, many practitioners have previously used either the level spread method of interest recognition or the sum-of-the-digits method and concerns have been raised as to how the effective interest method works under FRS 102 because for many this is a new method.
Buy-to-let: How to calculate relief for excess interest
WEBFeb 3, 2023 · I'm soooo glad that my moral objection to the concept of BTL has saved me from this world of pain! It may be relatively simple to program software to handle the calcs (or to pay an accountant to do it all including ensuring that the right figures are put in the right places), but neither of those are what the typical small 'investor' had in mind when signing-up to the story of 'taking care of ...
Property valuations under FRS 102 - AccountingWEB
WEBJun 17, 2019 · FRS 102, paragraph 29.16 requires deferred tax relating to investment property measured at fair value to be measured using the tax rates and allowances that apply to the sale of the property (there is an exception in paragraph 29.16 relating to investment property which has a limited useful life).
Error correction under FRS 102 - AccountingWEB
WEBSep 17, 2019 · Does your respondent refer to accounting *****ups being covered up or does this extend to Government ****ups? The Treasury seem to be fairly useless and below them HMRC are dysfunctional and don't respond to Agents and Taxpayers, get things wrong (was it 80 places where paper returns are necessitated this year - better than 40 odd last year .. but wait a bit it's in the wrong direction!)
VAT domestic reverse charge: Your questions answered
WEBDec 8, 2021 · The full HMRC technical guide to the VAT domestic reverse charge is worth bookmarking, but in summary the key points are:. The rules broadly apply to transactions between VAT registered businesses within the construction industry scheme (CIS) where the customer is not the ‘end user’ (the end user being someone who will not be making an onward supply of construction services).