HMRC mandates MTD-compatible software for quarterly and annual submissions by April 2026. Thomson Reuters offers complete MTD functionality with internal calculation engines and agent flexibility. Ten critical questions help practices evaluate MTD software providers for compliance.   Following HMRC’s Spring Statement 2025 announcement that MTD mandated taxpayers must use Making Tax Digital for Income Tax […] … Read More

ACSP enforcement actions signal decisive regulatory shift for UK accountants HMRC and Companies House have issued 77 enforcement actions against non-compliant filing agents. Spring 2026 deadline makes ACSP registration mandatory for all professional company filings. Modest ACSP registration to date despite over 5.4 million UK companies requiring filing services.   In an unprecedented move, HMRC […] … Read More

It isn’t just about speed, it’s about confidence. If you’ve ever felt like your indirect tax team spends more time hunting down discrepancies than driving business value, you’re not alone. Across multinational companies, highly skilled tax professionals are stuck in a familiar cycle: downloading data from government portals, reconciling ERP systems with compliance tools, and […] … Read More

Companies House fraud protection has become critical as fraudsters increasingly target UK businesses with sophisticated scams. With digital identity verification launching, cybercriminals are developing advanced methods to circumvent protective measures. This comprehensive guide provides essential fraud prevention strategies, helping you identify deceptive communications and implement robust compliance measures to protect your business integrity. Jump to […] … Read More

  Highlights:  Tax automation is essential for successful SAP S/4HANA transitions, helping to prevent errors and inefficiencies. Early adoption of tax automation, robust data governance, and native SAP integration are key factors for success. Thomson Reuters provides certified SAP-integrated tax solutions to automate compliance and deliver real-time insights.   Corporate tax teams face increasing pressure […] … Read More

Executive summary UK anti money laundering and counter terrorism financing oversight is being reshaped. HM Treasury has confirmed its decision to create a Single Professional Services Supervisor and to transfer supervision of accountancy, legal, and trust and company service providers to the Financial Conduct Authority, subject to legislation and a transition plan. The follow-on consultation […] … Read More