Market leading insight for tax experts
View online issue

Tax computations: the long and winding road...

Once upon a time tax computations were prepared by hand. In my firm the assistant would be surrounded by audit files and add the details needed onto 14-column yellow paper. There would then be a complicated process to review the computation; reference all the numbers and check it all added up before handing over the computation to a typist. Finally the typed version would be referenced again. There was a real art to preparing the computation; the core skill was to provide sufficient clear details to minimise the volume of enquiries raised by the Inland Revenue.

The next step was the massively dangerous one of preparing computations on spread-sheets. This was a timesaver since the computer could do the calculations and corrections could be processed easily; the danger arose from the fact that the preparer and reviewer often got the formulae wrong and the machine...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.