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An Employer Reference Number Number (ERN Number) or Employer PAYE Reference is a unique reference number issued in the United Kingdom by HMRC to an employer. [1] Every organisation operating a Pay As You Earn (PAYE) scheme is allocated an ERN, a unique set of letters and numbers used by HMRC (and others) to identify each employer, consisting of a three-digit HMRC office number and a reference ...
Whilst filing annual accounts is still a requirement for dormant companies, instead of filing a full set of annual accounts, dormant companies can file a basic set of accounts known as a dormant company accounts (DCA). [2] Dormant company accounts do not need to be audited, except for the year during which the company becomes dormant. [3] Under ...
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Legally, a tax payer is obliged to submit a tax return when HMRC request one by sending a notice to file a tax return, either because the tax payer has registered for self assessment voluntarily or because HMRC believe one to be required - HMRC can request a tax return from anyone for any reason. [1] [2]
An accounting period is a period with reference to which United Kingdom corporation tax is charged. [1] It helps dictate when tax is paid on income and gains. An accounting period begins whenever a company comes within the corporation tax charge, and whenever an accounting period ends without the company ceasing to be within the charge.
Businesses and their agents can use HMRC's Online Filing software [14] to prepare their report and accounts and tax computations in iXBRL format or they can prepare the iXBRL files themselves and submit them to HMRC. HMRC's Online Filing software is an example of a program which generates iXBRL from source data.
Up until 1999 no corporation tax was due unless HMRC raised an assessment on a company. Companies were, however, obliged to report certain details to HMRC so that the right amount could be assessed. This changed for accounting periods ending on or after 1 July 1999, when self-assessment was introduced. [192]
Companies House was a member of the Public Data Group, an advisory board which between 2011 and 2015 sought to improve public access to government data. [25] Companies House is also responsible for dissolving companies. [26] In 2020, there were approximately 4.3 million businesses on the Companies House register. [27]