Knowledgebase Support HMRC Useful links
Knowledgebase home
Tax Return Production
Accounts Production
Practice Management
VAT Filer
CloudConnect
Anti-Money Laundering
Support home
Video Training Guides
NEW

Hot Topics
SimpleStep Guides
Release Notes
Technical
Known Issues

HMRC Status
Useful Links
MTD for Agents MTD for Businesses What is MTD
Preparation
Agent Services Account
MTD for VAT
MTD for Income Tax
MTD for VAT
Digital Record Keeping
Quarterly Updates
Step-by-step Guide
HMRC's MTD Timeline
TaxCalc's MTD Journey

Where can I find information on preparation of accounts under COVID-19?

Article ID: 3089
Last updated: 04 Jun, 2020

In this uncertain climate companies are having to consider how the impact of COVID-19 affects their business and how these affects should be reported in the accounts. This will require some additional disclosures to explain how recent events are affecting their business.

To include the relevant disclosures in TaxCalc we’ve provided some additional notes to assist. Please see KB3088 - How can TC help me prepare accounts under COVID-19?

Should you require further guidance on what you should and shouldn’t disclose please speak to your accounting supervisory body.

https://www.frc.org.uk/covid-19-guidance-and-advice

https://www.gov.uk/guidance/coronavirus-guidance-for-companies-house-customers-employees-and-suppliers

https://www.icaew.com/coronavirus

https://www.accaglobal.com/uk/en/cam/coronavirus.html

https://www.aat.org.uk/about-aat/coronavirus-update

https://www.ifa.org.uk/technical-resources/covid19resources

Article ID: 3089
Last updated: 04 Jun, 2020
Revision: 2
Views: 71
This article was: