Introduction
- Avar, for numerous reasons, has always used Mnemonics and this article summaries many of the most common Mnemonics;
Summary
- FACH – Final Accounts for Companies House (these are the accounts normally filed to Companies House annually)
- FAIR – Final Accounts for Inland Revenue (these are final year end accounts for tax purposes, filed with HMRC)
- SATR – Self Assessment Tax Return
- PATR – Partnership Assessment Tax Return
- VATR – Value Added Tax Return
- CTSA – Corporation Tax Self-Assessment
- PAYE – Pay As You Earn
- CGT – Capital Gains Tax
- SDLT – Stamp Duty and Land Tax
- MMA – Monthly Management Accounts
- FRS – Flat Rate Scheme (for VAT)
- MTD – Making Tax Digital
- TRS – Transaction Recording System
- FN – Fee Note
- CN – Credit Note
- TCR – Telephone Conversation Recording
- SoA – Statement of Account
- MCF – Mileage Claim Form
- URN – Unique Reference Number
- UTR – Unique Tax Reference
- HMRC – HM Revenue and Customs
- CH – Companies House
- Stmt – Statement
- CS – Confirmation Statement
- Rec – Reconciliation