The one other issue not mentioned anywhere is the real reason for quarterly updates, which is that HMRC want to tax everyone on quarterly profits in "real" time. nothing can be more sure of doubling the black economy, making thousands of older workers retire early and devastating the small business sector. its insane, unworkable and the biggest waste of government money since..... Hinckley Point!
My answers
The one other issue not mentioned anywhere is the real reason for quarterly updates, which is that HMRC want to tax everyone on quarterly profits in "real" time. nothing can be more sure of doubling the black economy, making thousands of older workers retire early and devastating the small business sector. its insane, unworkable and the biggest waste of government money since..... Hinckley Point!