The global body for professional accountants
March Edition
Read the latest news, guidance and CPD for practitioners in the March Edition of In Practice. This is to support you in your practice, so please use and share with your communities to amplify key messages and support.
Spring Statement 2025 – take our short survey.
Unincorporated businesses, the self-employed and landlords will be phased in from April 2026 to mandatorily submit quarterly returns via digitally compatible software under MTD for ITSA. Those with total qualifying income over £50,000 are mandated from April 2026, and those with total qualifying incomes between £30,000 and £50,000 will be mandated from April 2027.
The launch of the service to register as an ACSP/Companies House authorised agent has now gone live from 18 March 2025 following a previous delay when it was originally due to go live on 25 February 2025. This new service is for third party providers who will be carrying out identity checks on behalf of clients for Companies House, to register their business to become an authorised corporate service provider (ACSP).
Telling HMRC about mistakes voluntarily, without being prompted, is known as making a ‘voluntary disclosure’. This is defined as telling HMRC at a time when the taxpayer has no reason to believe that HMRC has discovered (or is about to discover) non-compliance.
The government has launched a joint HMRC/Department for Business and Trade consultation on plans for the rollout of electronic invoicing and whether to make it mandatory for businesses in the UK.
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The world’s largest accounting and finance expo, Accountex London is returning to Excel on 14-15 May 2025. More than 11,500 attendees from around the world are expected to reunite, after the 2024 show was hailed the biggest show in Accountex history.
PureCyber: Introduction to Cyber Essentials is a tell-all webinar designed to help you navigate the ins and outs of Cyber Essentials/CE Plus accreditation and why your organisation should be certified in 2025.
An update on the problems and delays
Accountants play a key role in giving business advice
The problem could be very acute for micro and small retail enterprises
Beware the fiscal drag
Accountants are supporting the beleaguered agricultural sector in a number of ways.
Updated standard omits topics not relevant to SMEs and simplifies others.
Avoid putting tasks off by learning new habits – and making time to do nothing.
