George wrote to me from Texas as follows: I had a question regarding financial statement preparation in the UK - Are there separate books kept in the UK a la the US? US companies file financial statements for the tax authorities and outside investors and account with line items for the difference. I was wondering how similar circumstances are handled in the U.K. Thanks for your help. It's possible to answer this question in several ways, so I answered as follows in the first instance: Hi George, Whilst British Accounting Standards have many similarities to the FASB’s pronouncements, there are significant differences between them. However, to help you to get to grips with what is required of a British company and its accounting requirements, let me send you to the UK’s Companies House web site. Search through this site, asking for accounting, returns, filing and so on and see if that answers your question. If not, let me know what your remaining problem is and I’ll do what I can to help. Best wishes DW