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- Cheque. . . . how long valid for??? - AccountingWEB
I wouldn't say academic at all sir Under prescription, the law says that a cheque becomes stale after 6 months (at least it was in my day when I was a bank slave) Not academic these days!
- HMRC Cheque - AccountingWEB
I didn't say that cheques weren't valid I was referring to the longstanding practice of the banks to return cheques presented after more than six months as out of date I agree that in this case asking the bank to clear it first would be best
- Unpresented Cheque : Time limit - statutory not guidance
that a stop be placed on it Cheques backed by a cheque guarantee card cannot be stopped It is recommended that, if possible,customers in possession of cheques that are over six months old obtain a replacement In case of disputes,a cheque remains legally valid to use to prove a debt for six years
- Out of date cheques - AccountingWEB
The underlying debt is still valid as mentioned above for the 6 years as for any potential civil action Can I also comment on cheques and clear up a common mistake A cheque is valid from the day it is issued Post dating is not valid legally A cheque is "A bill of exchange, drawn at sight on a banker" Returning post dated cheques is merely
- Change of accounting period - Mind Blank! | AccountingWEB
Suppose a company is incorporated on 25 September 2023 On incorporation the ARD (Accounting Reference Date, the year end) is set as 30 September and the first accounting period ends on the first ARD which would create a first accounting period which is more than 6 months long, but not more than 18 months long (in accordance with s391)
- In the HMRC world of everything digital - AccountingWEB
The problem is not in itself the move towards 'everything digital' (although the speed and lack of planning provide valid reasons for concern) more that there's no balance between the onus placed on individual taxpayers and any potential benefits that might accrue to them
- How Hall Morrice Fixed Broken Client Collaboration
That chaos wasn’t just a time-sink It eroded trust between firm and client The failure wasn’t always technical – it was cultural Clients lost in a tangle of old methods Staff stuck in long-standing habits And a lack of accountability that everyone silently tolerated Even when the solution seemed obvious – centralise – Peter had
- Bank of England holds interest rates amid uncertainty
Durrant continued and said that while short-term businesses crave relief, “the Bank’s target is long term, and in the long term low inflation is key to businesses because it gives stability and predictability (for example, for knowing costs and prices) and encourages investment by businesses”
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