February Edition

In Practice

Read the latest news, guidance and CPD for practitioners in the February Edition of In Practice. This is to support you in your practice, so please use and share with your communities to amplify key messages and support.

Professional development

Advising is more than dispensing wisdom; it’s a creative, collaborative process

The art of advising

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Policy and technical

Changes to company law under ECCTA

The launch of the service to register as an ACSP/Companies House authorised agent has been postponed. This new service is for third party providers who will be carrying out identity checks on behalf of clients for Companies House, to register their business to become an ACSP. It was due to go live on 25 February 2025.

ACCA’s Response to the Spending Review 2025 (Phase 2)

ACCA made representations to HM Treasury on behalf of members on Phase 2 of the Spending Review 2025, which will set out the total level of funding planned for various government departmental budgets.

FRC launches study into SME audit and reporting challenges

The Financial Reporting Council (FRC) has launched a market study examining how effectively the audit market serves small and medium-sized enterprises (SMEs) and exploring opportunities to reduce their reporting burden where possible.

Government consults on mandatory e-invoicing

The government has launched a joint HMRC/Department for Business and Trade consultation on plans for the rollout of electronic invoicing and whether to make it mandatory for businesses in the UK.

Practice support

Seminar on financial services opportunities in GIFT City, India

A high-level Indian delegation, led by K. Rajaraman, chairperson of India's International Financial Services Centres Authority (IFSCA), is visiting the UK to strengthen partnerships between the UK’s financial and professional services industry and the International Financial Services Centre (IFSC) in Gujarat International Financial Tec (GIFT) City.