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In a welcome about turn, HMRC has changed its controversial policy on the recording of purchase invoices under Making Tax Digital for VAT. This will mean a huge time-saving for many businesses using the cash accounting scheme. Under the cash accounting scheme, input tax is only claimed when payments are made to suppliers, and…
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The government is consulting on proposals to significantly change the role of Companies House, with the aim of ‘increasing the transparency of UK corporate entities and helping combat economic crime’. The consultation considers reform to: the information that companies are required to disclose increasing the checks on the information disclosed measures to improve the…
