Definitive answers to the terms a UK practice owner actually uses every day — HMRC, MTD, AML, ACCA, ICAEW, SRA, CDD, MLRO, COLP, COFA, Lexcel, CQS and more.
The PracticeBase glossary explains the regulator vocabulary that UK accountancy and law practices use every week. It is written for owners who need plain-English definitions of HMRC, MTD, AML, KYC, CDD, MLRO, COLP, COFA, SRA Accounts Rules, Lexcel, CQS, Companies House, client account, matters, engagement letters and practice-management terminology. Each definition is designed to be short enough for a busy practice owner, but specific enough to support sales conversations, onboarding and internal training.
We're seeding the first wave of UK regulator definitions. The initial set covers HMRC, MTD, AML, CDD, SRA Accounts Rules, MLRO, COLP, COFA, Lexcel and the vocabulary that appears in PracticeBase onboarding.
Each glossary entry uses British English, starts with the direct answer and then explains why the term matters inside a UK practice. The goal is not to replace professional advice. The goal is to give owners, staff and clients a shared vocabulary before onboarding, migration and compliance work begin.
The glossary connects to the platform layers: AML and CDD in compliance, HMRC and MTD in accounting, SRA Accounts Rules in legal accounts, and engagement-letter or conflict-check language in client onboarding.
