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Small Business Form Filing - surely one is enough?

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John Redwood writes in Accountancy Age:

"Small companies have to tell the authorities twice what their turnover and profits have been in the previous year – HM Revenue & Customs needs to know so it can take its cut, while Companies House needs to know to add the information to a public record.

My idea to make life a little easier for the harassed company accountant and secretary is to say ‘one return is enough’. The company would still have to supply the figures HMRC needs to agree the tax assessment. The HMRC computer would then be programmed to send on all the figures that were needed for publication through Companies House from the company’s own return to HMRC".

Read the full article here.

Posted January 23, 2006

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