Starting from November 2025, the UK government will officially roll out a compulsory ID verification system for company directors, Persons with Significant Control (PSCs), and those filing on behalf of companies. This step is part of the broader reforms outlined in the Economic Crime and Corporate Transparency Act 2023, which aims to enhance corporate transparency and combat fraud....
The UK tax authority, HM Revenue & Customs (HMRC), plans to introduce a financial reward system for informants who provide information about tax evasion. This initiative aims to enhance tax compliance and encourage whistleblowers to come forward by offering them a percentage of the recovered tax revenue. A New Approach to Tackling Tax Evasion Tax...
The UK government’s recent tax reforms are reshaping how businesses manage their finances. Whether you run a small startup or a well-established company, these changes bring challenges and opportunities. To stay ahead, it’s essential to understand the key updates and take proactive steps to adapt. Understanding Corporate Tax Changes One of the most impactful reforms...
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Copyright by CareAccountancy. All rights reserved.
