Filing deadlines ‘to ruin summer holidays’

Filing deadlines 'to ruin summer holidays'

Proposed changes to filing times will mean smaller company deadlines fall in the middle of the summer holidays. 

New filing deadlines for smaller companies are set to ruin accountants’
summer holidays, according to the Daily Telegraph.

The new rules, which mean the companies have just seven months to file
accounts rather than 10, mean that companies with year-ends will need to file in
the middle of the summer holidays every year.

‘It’s the height of the holiday season, particularly for those accountants
with children,’ Clive Lewis, of the ICAEW, said.

The proposed rules are part of the company law reform bill, due out this
week.

The changes are designed to increase transparency, the information provided
being more up-to-date.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource