Each compendium is a complete governance suite - structured procedures, statutory references, and compliance checklists written by a qualified AAT accountant with 13+ years of senior finance experience.
Firm-wide AML risk assessment framework under the Money Laundering Regulations 2017. Covers client, geographic, product, and delivery-channel risk scoring, with documented methodology and annual refresh cycle.
Standard customer due diligence procedure for low-to-medium risk clients. Identity verification, beneficial ownership establishment, source-of-funds enquiry, and ongoing relationship monitoring controls.
Enhanced due diligence triggers and procedures for high-risk clients, PEPs, complex structures, and high-value transactions. Includes additional verification steps, senior approval gates, and ongoing scrutiny requirements.
Eligibility criteria and reduced-verification procedures for low-risk clients under MLR 2017. Defines which clients qualify, what evidence is required, and when standard CDD must resume.
Politically exposed persons (PEPs) and sanctions screening procedure. Covers initial screening, ongoing monitoring, escalation triggers, and integration with HM Treasury / OFSI consolidated sanctions list.
Continuous client monitoring framework — transaction pattern review, periodic CDD refresh, trigger-based re-verification, and behavioural change escalation under MLR 2017.
Internal escalation process to MLRO and external SAR submission to the National Crime Agency. Includes tipping-off prevention controls, decision logs, and post-filing record retention.
Money Laundering Reporting Officer role definition, internal reporting pathways, MLRO annual report template, and senior management oversight obligations.
Annual AML training framework, induction requirements for new staff, role-specific competency matrix, and training record retention. Includes red-flag identification scenarios.
AML record-keeping standards — five-year mandatory retention, secure storage protocols, access controls, and compliant destruction procedures aligned with MLR 2017 and UK GDPR.
Initial assessment of employer duties under the Pensions Act 2008. Determines staging date, ongoing duties, postponement options, and qualifying scheme selection.
Workforce categorisation procedure — eligible jobholders, non-eligible jobholders, and entitled workers. Includes age and earnings thresholds, qualifying earnings calculation, and reassessment triggers.
Enrolment of eligible jobholders into the qualifying pension scheme. Covers communication content, statutory deadlines, deduction setup, and TPR compliance evidence.
Pension contribution calculation methodology — qualifying earnings, total earnings, or pensionable pay bases. Includes employer and employee minimums and tax relief at source vs net pay arrangements.
Opt-out notice handling within the one-month statutory window, refund of deducted contributions, payroll deduction reversal, and TPR record retention.
Triennial re-enrolment cycle — re-enrolment date selection, eligible jobholder identification, re-enrolment communication, and re-declaration of compliance to The Pensions Regulator.
Salary sacrifice arrangement design and operation for pension contributions. Includes effective-pay reduction documentation, NI savings calculation, and impact on statutory benefits.
Initial and re-declaration of compliance submission procedure to The Pensions Regulator. Includes required data fields, submission deadlines, and post-submission record-keeping.
Pension data architecture — qualifying earnings tracking, contribution audit trail, scheme provider reconciliation, and member data integrity controls.
Pension treatment on employee leaving — final contribution calculation, scheme provider notification, refund eligibility for short-service leavers, and final P60 alignment.
Bank-to-ledger reconciliation procedure with frequency, evidence requirements, unmatched-item investigation, and month-end sign-off controls.
Purchase ledger management — supplier setup, invoice approval workflow, three-way matching, payment terms, and supplier statement reconciliation.
Sales ledger management — customer setup, invoice raising, payment terms and credit limits, aged debt reporting, and sales ledger reconciliation.
Period-end accruals and prepayments procedure — identification, calculation, journal posting, and reversal in the following period. Includes recurring items schedule.
Fixed asset register maintenance — additions, disposals, depreciation schedules, impairment review, and reconciliation to the nominal ledger.
Month-end close procedure — cut-off controls, reconciliations checklist, journal review, trial balance sign-off, and management reporting handover.
Chart-of-accounts coding policy, posting rules by transaction type, control account reconciliation, and analytical review for misclassification.
Supplier payment run procedure — payment schedule, BACS/Faster Payments process, dual authorisation, remittance issuance, and bank reconciliation.
Credit control framework — credit limits, payment terms enforcement, dunning cycle, escalation triggers, and bad debt provisioning.
Petty cash management — float setup, imprest system, supporting receipts, periodic reconciliation, and physical security controls.
CGT-chargeable disposal identification and reporting via SA108 supplementary pages. Includes computation walkthrough, allowable cost deductions, and submission timing.
CGT computation on share disposals — Section 104 holdings, identification rules (same-day, 30-day, pool), and securities-specific reliefs.
60-day CGT reporting and payment procedure for UK residential property disposals. Includes scope, online reporting via HMRC, and interaction with annual SA return.
BADR (formerly Entrepreneurs' Relief) eligibility, lifetime limit, qualifying conditions for trading companies and personal trading assets, and 10% rate application.
Holdover relief on gifts of business assets and unlisted shares — joint election procedure, base cost mechanics, and downstream CGT implications for the recipient.
Business Asset Rollover Relief — qualifying assets, reinvestment window, partial reinvestment treatment, and deferred CGT computation.
CGT deferral via EIS reinvestment and disposal relief on qualifying EIS/SEIS shares. Includes holding-period requirements and claim mechanics.
Application of the annual exempt amount, allowable loss offset (current year and brought-forward), and CGT rate selection by income tax band.
Negligible value claim procedure for worthless assets, income tax loss relief for qualifying EIS/SEIS share losses, and supporting evidence requirements.
CGT-specific record keeping — acquisition costs, disposal proceeds, allowable enhancement expenditure, and supporting documentation retention.
Contractor registration with HMRC under the Construction Industry Scheme. Includes scheme activation, contractor responsibilities, and initial subcontractor verification preparation.
HMRC subcontractor verification procedure — name, UTR, NI/CRN submission, deduction rate confirmation (gross / 20% / 30%), and verification record retention.
CIS300 monthly return preparation and HMRC submission. Includes subcontractor payment data, deduction reconciliation, and nil-return obligations.
CIS deduction calculation methodology — qualifying labour vs materials split, applicable deduction rate, and gross/net payment computation.
Monthly payment and deduction statement issuance to subcontractors — required content, statutory timing, and record retention obligations.
Gross payment status application, qualifying tests (business, turnover, compliance), HMRC review process, and ongoing compliance monitoring.
VAT domestic reverse charge for construction services — when it applies, invoicing requirements, CIS interaction, and VAT return treatment.
Year-end CIS reconciliation between contractor deductions, subcontractor payments, and HMRC records. Includes discrepancy resolution and audit trail evidence.
Procedure for correcting CIS300 errors — earlier-period amendments, HMRC notification, and downstream impact on subcontractor statements.
Offset of CIS deductions suffered against employer PAYE/NIC liabilities for limited company subcontractors. Includes EPS submission and reconciliation.
Internal CIS audit framework — deduction accuracy testing, subcontractor verification coverage, statement issuance compliance, and HMRC review readiness.
CIS data architecture — subcontractor master data, payment history, deduction certificates, verification logs, and three-year retention compliance.
Annual confirmation statement (CS01) filing — review of officers, registered office, SIC codes, share capital, and PSC information. Includes 14-day filing window.
Statutory accounts preparation under FRS 102 or FRS 105, filing categories (micro, small, full), and Companies House submission deadlines.
Director appointment (AP01) and resignation (TM01) filing procedure, internal records (register of directors), and notification deadlines.
Registered office (AD01) and SAIL address changes — filing procedure, statutory notification windows, and consequences of non-update.
Share allotment (SH01), share class changes, and share capital reductions — Companies House filings, return-of-allotment evidence, and shareholder register updates.
PSC register maintenance — identification of individuals with significant control, register entries, Companies House notification of changes, and statutory deadlines.
Dormant company accounts (AA02) preparation and filing — qualifying conditions, transaction limits, and audit exemption.
New company incorporation procedure — IN01 filing, memorandum and articles, share capital structure, PSC declarations, and post-incorporation registrations.
Voluntary strike-off (DS01) procedure — eligibility, statutory waiting periods, creditor notifications, and final accounts treatment.
Registration of charges (MR01) and discharge (MR04) — Companies House filing, 21-day deadline, and consequences of late registration.
Corporation Tax accounting period identification, CT registration with HMRC, and UTR receipt procedure for new and existing companies.
CT600 corporation tax return preparation — trading income, tax-adjusted profits, capital allowances claim, and iXBRL accounts tagging for HMRC submission.
Capital allowances framework — Annual Investment Allowance (AIA), First Year Allowances, super-deduction history, and pooled writing-down allowances.
Director's loan account governance — s.455 charge mechanics, repayment within nine months, write-off treatment, and beneficial loan benefit-in-kind.
R&D tax relief claim procedure — SME vs RDEC eligibility, qualifying expenditure identification, technical narrative preparation, and HMRC AIF compliance.
Corporation tax loss relief — current-year offset, carry-back, carry-forward, and group relief between qualifying group companies.
Quarterly Instalment Payment regime — large/very-large company thresholds, instalment dates, and reconciliation against final liability.
Associated companies test post-April 2023 — control assessment, threshold proration of CT rate bands and QIPS limits, and disclosure on CT600.
Close company definition, loans to participators charge (s.455), associated benefits, and writing-off treatment.
CT600 online filing via HMRC Government Gateway, accompanying iXBRL accounts, payment methods, and reconciliation of paid vs assessed liability.
Client size determination — qualifying small client test (Companies Act 2006), Chapter 8 (PSC-led) vs Chapter 10 (client-led) responsibility allocation.
Employment status assessment framework — mutuality of obligation, control, substitution, and the broader pattern-of-engagement test.
HMRC CEST tool usage — input data preparation, reasonable-care obligation, output interpretation, and CEST limitations awareness.
SDS preparation — required content, reasonable-care evidence, issuance to worker and fee payer, and disagreement-handling timeline.
Chapter 8 (PSC-led) deemed employment payment calculation — gross income, 5% allowance, deemed pay, and PAYE/NIC computation on the PSC's payroll.
Chapter 10 (client-led) PAYE/NIC deduction by the fee payer — gross-to-net mechanics, deemed employer status, and Apprenticeship Levy treatment.
Contract review and working-practices alignment — clause review for substitution, control, and mutuality, plus on-site working pattern audit.
Statutory client-led disagreement process — 45-day response deadline, evidence gathering, revised SDS issuance, and HMRC escalation pathway.
IR35 record-keeping framework — SDS history, CEST outputs, contract versions, and supporting evidence for HMRC enquiry response.
PSC structuring under IR35 — salary/dividend mix, expenses optimisation, retained-profit strategy, and reasonable-tax-planning boundaries.
Month-end close-and-lock procedure — cut-off discipline, reconciliations checklist, journal review, and period-lock controls to prevent post-close adjustments.
Profit and loss variance analysis — actuals vs budget vs prior period, gross margin movement, overhead trend, and commentary preparation for management.
Balance sheet account reconciliation framework — control account integrity, supporting schedules, materiality thresholds, and unreconciled item escalation.
Cash flow statement preparation — indirect-method derivation, operating/investing/financing classification, and reconciliation to bank movements.
Budget vs actuals variance reporting — variance threshold setting, root-cause investigation, and forward-look implications for forecast revision.
Monthly board pack template — KPIs, P&L summary, cashflow forecast, debtors/creditors ageing, risk register, and director commentary structure.
KPI dashboard design — leading vs lagging indicators, target-setting methodology, data source integrity, and refresh-cycle governance.
Rolling 12-month forecast methodology — driver-based modelling, monthly refresh discipline, scenario flexing, and forecast-accuracy tracking.
Power BI report build standards — data model architecture, refresh cadence, role-based access controls, and version-control governance.
Year-end management accounts preparation — pre-audit close, accrual completeness review, related-party disclosures, and statutory accounts alignment.
New starter onboarding — P45 or starter declaration capture, RTI new-starter submission, tax code application, pension assessment, and first-pay verification.
Monthly payroll cycle and timeline — cut-off dates, processing windows, approval gates, BACS deadlines, and RTI submission timing.
Employee master data integrity framework — change-control procedure for personal data, tax codes, NI categories, and bank details with audit trail.
Time and attendance capture procedure — variable pay element calculation, manager approval workflow, and integration to payroll processing.
Statutory holiday entitlement calculation — 5.6-week minimum, accrual method, irregular-hours worker treatment under post-2024 reforms, and rolled-up holiday pay rules.
NMW/NLW compliance monitoring — age-band rates, working-time definition, deductions and benefit-in-kind impact, and HMRC enforcement risk controls.
Statutory Sick Pay (SSP) administration — qualifying days, PIWs, three-day waiting period, SSP1 issuance, and absence-management policy integration.
Statutory family leave — maternity, paternity, adoption, shared parental, and parental bereavement. Includes eligibility checks, pay calculation, and reclaim mechanics.
Other statutory leave types — emergency time off, jury service, redundancy time off, and unpaid parental leave. Includes record-keeping and pay treatment.
Tax code change handling — HMRC P6/P9 notices, P45 codes, week-1/month-1 application, and intervention against erroneous codes that disadvantage employees.
Auto-enrolment integration into payroll — assessment cadence, contribution deduction, salary sacrifice mechanics, and TPR compliance evidence.
Attachment of Earnings Orders, Council Tax AEOs, Direct Earnings Attachments, and CSA/CMS deductions — protected earnings, priority hierarchy, and deduction calculation.
Student and postgraduate loan deduction — Plan 1, 2, 4, 5 and PGL thresholds, deduction calculation, P45 carryover, and RTI reporting.
Employee leaver process — final pay calculation, holiday accrual settlement, P45 issuance, RTI leaver flag, and pension scheme notification.
FPS and EPS submission procedure — required data fields, submission deadlines, late filing penalties, and reconciliation to payroll output.
Monthly P32 reconciliation — PAYE, NIC, SLD, Apprenticeship Levy, and CIS offsets. Payment to HMRC and reconciliation to nominal ledger.
Net pay variance analysis — period-over-period change investigation, outlier identification, root-cause classification, and pre-BACS sign-off discipline.
Manual payment and salary advance protocol — authorisation gates, recovery procedure, RTI alignment, and prevention of duplicate payment.
Payroll year-end procedure — final EPS, week-53 handling, P60 issuance, P11D preparation interface, and new tax-year readiness.
Payroll BC/DR procedure — alternative processing arrangements, data backup discipline, UK GDPR safeguards, and breach-notification readiness.
PAYE tax calendar — tax week and month definitions, week 53/54, leap-year handling, and impact on tax code application and NI category.
Working days calendar maintenance and daily rate divisor methodology for partial-month starters, leavers, and unpaid leave calculations.
Holiday buy/sell scheme administration — eligibility, salary impact, deduction mechanics, and tax/NI treatment.
Staff loan and advance recovery procedure — written agreement, statutory deduction limits, benefit-in-kind threshold, and recovery on leaving.
Cycle to Work scheme administration — salary sacrifice mechanics, eligibility, transfer-of-ownership treatment, and end-of-hire procedure.
Payments after leaving — tax code 0T week-1 application, RTI 'payment after leaving' flag, and reconciliation to original P45.
Variable pay element processing — overtime, commission, bonus, and shift premium. Includes holiday pay impact under post-2024 reforms.
Retroactive correction of statutory payments — SMP/SPP/ShPP/SAP overpayment recovery and underpayment top-up, with corresponding RTI submissions.
Year-to-date statutory pay and NI corrections for leavers in a locked payroll — re-opened period vs current-period adjustment decision framework.
Shadow payroll for inbound assignees and dual-resident workers — modified PAYE, zero-net mechanics, and RTI reconciliation against host-country payroll.
Self Assessment client onboarding — engagement letter, prior-year return review, missing-return identification, and HMRC 64-8 authorisation.
Employment income capture — P60, P11D, P45, taxable benefits, and pensions tax relief at higher rates. Tax code reconciliation.
Self-employment income (SA103) — turnover, allowable expenses, capital allowances, simplified expenses, and Class 2/4 NIC integration.
Property income (SA105) — UK rental income, mortgage interest restriction, finance cost tax reducer, FHL qualifying conditions, and Rent a Room scheme.
CGT reporting on the Self Assessment return — annual exempt amount, disposal calculation, reliefs claimed, and reconciliation with any 60-day property report.
Payments on account regime — calculation, January and July deadlines, claim to reduce, and balancing payment reconciliation.
Dividend and savings income — dividend allowance, personal savings allowance, starting rate band for savings, and tax rate stacking.
HMRC compliance check / enquiry response — information request review, scope of enquiry, evidence preparation, and closure notice management.
SA302 and Tax Year Overview retrieval procedure — Government Gateway, agent services, and use case for mortgage / income evidence.
Pension contributions and tax relief — relief-at-source vs net pay, annual allowance / tapered allowance, carry-forward, and higher-rate relief claim.
VAT registration thresholds, voluntary registration assessment, EORI requirement, and deregistration procedure with final VAT return obligations.
VAT scheme selection framework — standard accounting, flat rate, cash accounting, annual accounting, retail schemes. Eligibility, cash impact, and switching procedure.
Making Tax Digital VAT submission — digital link requirement, API submission, exemption criteria, and penalty regime.
Standard rate VAT return preparation — boxes 1-9 derivation, output tax and input tax reconciliation, partial exemption interaction, and supporting schedules.
Flat Rate Scheme operation — sector rate selection, limited-cost trader test, FRS quarterly return preparation, and switch-out timing.
VAT error correction — disclosure threshold tests, VAT 652 procedure, on-return correction limits, and interest/penalty mitigation.
Partial exemption methodology — standard method, special methods, de minimis tests, annual adjustment, and capital goods scheme interaction.
VAT inspection preparation — records readiness, scope expectation management, control account walkthrough, and post-visit follow-up.
VAT on land and property — option to tax, TOGC conditions, new commercial buildings, and capital goods scheme triggers.
Domestic reverse charge — construction services scope, invoicing requirements, customer obligations, and impact on cash flow.
Cash Accounting Scheme — turnover threshold, eligibility, switch-in / switch-out timing, and treatment of opening and closing debtors/creditors.
VAT record-keeping standards — six-year retention, digital records under MTD, audit trail integrity, and supporting documentation.