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The guidelines with respect to how firms submit their accounting statements and corporation tax return changed on April 11. In spite of this it would seem that not all company directors are aware of this fact and continue to stick with the old process. This short write-up is going to attempt to explain the position for those people that may still not be sure of the existing situation.


Beginning from 1st April 2011 UK companies and related entities are going to be mandated to file their corporation tax return Cheap Kansas City Chiefs Hoodie , company accounts as well as company tax calculations over the internet. This applies to any accountancy period ending right after 31 03 this year.


As well as submitting corporation tax returns and accounts over the internet, company tax debts and related payments need to be settled electronically. Electronic payments can include direct debit, phone banking Customized Kansas City Chiefs Jersey , Bacs, Chaps and online banking. Associated payments include things like such items as charges on overdue tax bill along with penalties for overdue filing of company tax returns and trading accounts.


Corporations will be able to submit a corporation tax return pertaining to a period ending after 31 March 2010 with paper style but the return has to be submitted ahead of 1 April 2011. The Revenue has ceased to include paper corporation taxation return as a part of the normal notification to submit a company tax return. Nonetheless the paper company tax return may on the other hand be down loaded from the HM Revenue & Customs internet site if necessary. It’s envisaged that most public practice accountants will be prepared for the new system by the time it ultimately comes in force next year.


Both businesses as well as their advisers are permitted to utilize on-line reporting for corporation tax return and financial records. You can find a number of commercially produced software that’s accredited by HM Revenue & Customs for the submitting of company tax return and financial statements online. However HMRC also has its own software program which can be utilized in preference to commercially produced software package. Using the commercial software program you could file a Corporation tax return and company accounts with regard to accounting periods starting 2 July 1998. On the other hand you will be able to just submit accounts and corporation tax returns in relation to accounting periods beginning on or subsequent to 1 April 2008 where you choose to utilize the online processing software provided by HM Revenue & Customs.


Although HMRC provide a totally free on-line Corporation tax and accounts filing software program, it’s limited in its use. Typically the majority of smaller Limited Enterprises can certainly use the program to submit their accounts and tax Forms. However organizations that have revenues more than ?6.5M and those with slightly complex company tax returns will not be allowed to take advantage of the program made available by the Revenue. This is unlikely to be a major issue in view of the fact that a considerable amount of accounting firms will likely be using commercial software in order to submit their clients’ corporation tax Forms and accounts when the requirements come into force.


The HMRC Corporation tax return on-line software comes in the form of online pdf file and can be acquired by going to HMRC web site.


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TEHRAN, Aug. 8 (Xinhua) -- German Siemens group will finance 3.5 billion U.S. dollars in Iran's rail and power plant projects, Press TV reported on Tuesday.


""On a trip to Germany Steven Nelson Black Jersey , we had discussions about Siemens' participation in Iran's railway and power plant projects,"" Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan was quoted as saying.


In the rail sector, Iran is going to buy a number of wagons from Siemens for use on a high-speed line between the capital Tehran and the central cities of Qom and Isfahan Chris Conley Black Jersey , Fakhriyeh-Kashan said.


Siemens will also provide signaling equipment and install communication signs, he said.


Besides, Siemens plans to enter into a joint venture with Iran's MAPNA Group both in the power plant and locomotive manufacturing sector in order to boost domestic production Mitch Morse Black Jersey , he said.


MAPNA Group is a conglomerate of Iranian companies involved in development and execution of thermal and renewable power, oil & gas, railway transportation and other industrial projects as well as manufacturing main equipment.


Iran and Siemens reached a preliminary agreement in March to jointly manufacture equipment for electricity industry and power equipment under the license of the German firm Chris Jones Black Jersey , Arsalan Fathipour, the official from Iran Electricity Industry Syndicate, said.


The agreement with the German company also encompassed the transfer of know-how as well as construction of new equipment for power generation industry Travis Kelce Black Jersey , he said.


The official said that the plant would be built in Parand, a town about 65 kilometers southwest of Tehran.