Under new rules companies and limited liability partnerships (LLPs) must now compile and keep up to date a Register of People with Significant Control (PSCs). The aim of the register is to help increase transparency about who ultimately controls UK companies.
The 2014/15 tax year saw major changes to the reporting requirements and administration of employee share schemes. All share schemes now need to be registered online with HMRC and annual returns must also be filed online.
It is apparent that there are increased stress levels surrounding a client’s accounting year end, including what to do, when to do it, how to do it and what to consider.