Employee benefits trusts - settlement opportunity

HMRC has announced that the settlement opportunity will close for applications on 31 March 2015, with settlements to be finalised and payments made by 31 July 2015.

Tax return reminder - travel costs

A reminder of the effects of the Samadian case on travelling costs.

Tax return reminder - Fees and Subscriptions

What fees and subscriptions are allowable for an employee for tax purposes?

VAT Update - November 2014

A round-up of the latest changes to VAT notices and briefings.

Autumn Statement

The Autumn Statement will take place on Wednesday 3 December 2014.

Corporate Governance Code

The new Code has been published and applies to accounting periods beginning on or after 1 October 2014 for all companies with a premium listing of equity shares regardless of whether they are incorporated in the UK or elsewhere.

VAT changes around the EU

The latest changes to VAT rates from countries within the European Union.

HMRC withdraws concession on remittance basis

In August changes took effect around how money brought into the UK or used in the UK under a loan facility secured by foreign income or gains is treated.

Offshore loan schemes

Offshore loan schemes used by contractors are under attack by HMRC, following the successful outcome for HMRC in the case of Philip Boyle v HMRC at the First-Tier Tribunal.

Jointly owned property and form 17

Guidance on how and when to use form 17 with regards to jointly owned property.

Transfer of a going concern

HMRC has had a change of policy following the First Tier Tribunal (FTT) decision in Robinson Family Ltd [2012] UKFTT 360 (TC). The changes are three-fold and are discussed here policy change by policy change.

ACCA welcomes proposed new accounting rules for pensions

Statement of Recommended Practice will bring clarity, but lobbying of DWP is important in achieving this.

Simplifying and streamlining statutory annual report and accounts

Comments from ACCA to HM Treasury.

Solicitors Account Rule Changes – an update

In the main the SRA will continue to require accountants reports to be prepared but will ONLY require Solicitors to submit qualified accountants reports with them.

Natural capital comes of age

As pressure grows on our resources, companies must learn how to manage, measure, report and disclose on natural capital.

Maintaining momentum

While South Africa has blazed a trail on integrated reporting, there is still much work to be done.

Taking stock of sustainability

Africa’s stock exchanges have a vital role to play in helping listed companies get to grips with reporting on environmental, social and governance issues.

Taking water into account

Water security must get on the board’s agenda – with accountants playing a critical role as ‘awareness experts’, say Roger Burritt and Katherine Christ.

Reforming Local Government

Comments from ACCA Cymru/Wales to the Welsh Government.

Governance in the public sector

In this video presentation, Gillian Fawcett, head of public sector, reflects on the role of ‘good governance’ in public services.

Construction Industry Scheme consultation

A Summer consultation is on the way which will consider ways to improve the CIS scheme.

Enhanced capital allowances increases: green technology

New legislation will extend the list of energy-saving and environmentally beneficial technologies and products that benefit from enhanced capital allowances.

Business premises renovations allowance

The Finance Act 2014 will clarify the scope of Business Premises Renovation Allowance.

Annual investment allowance increased to £500,000

Temporary increase sees AIA double to £500,000.

Public sector: other entities reporting

The International Public Sector Accounting Standards Board (IPSASB) have issued for comment a consultation called The Applicability of IPSASs to Government Business Enterprises and Other Public Sector Entities. They have asked for comments by 31 December.

Tax Evasion and Avoidance

Three new consultations have been launched on the subject of tax evasion.

Transfer pricing documentation

Comments from ACCA to the Inland Revenue Authority of Singapore (IRAS).

New UK GAAP: All change - Consultation

Your view is needed as changes being proposed may increase costs and create confusion for your business and also your providers of finance.

FRS 102: Pensions

FRED 55 proposes amendments to accounting for pension obligations under FRS102 and is open for comment until 21 November 2014.

2014 Autumn Statement

The Autumn Statement will take place on Wednesday 3 December 2014.

Towards better diversity management

This paper discusses the limitations of current diversity management and at what could be done to help organisations benefit from greater diversity and inclusive cultures.

The business case for diversity management

This joint ACCA–ESRC report investigates the limitations of current diversity management and what could be done to help organisations benefit from greater diversity and inclusive cultures.

Whole of government accounts: who is using them?

The first stage of a two-part study exploring whether transparency is currently being achieved and whether essential user information needs are being met.

Intermediaries and workers

Updates have been issued on when an intermediary must treat a worker they provide to a UK-based client as an employee for Income Tax and National Insurance purposes.

VAT Update - October 2014

An update of the latest changes to HMRC's VAT notices and guidance.

Academy reporting under SORP 2015

Academy reporting under SORP 2015.

Reporting for societies

The Co-operative and Community Benefit Societies Act 2014 replaces the 1965, 1967, 1975, 1978 and 2002 Industrial and Provident Societies Acts; the Friendly and Industrial and Provident Societies Act 1968; the Co-operatives and Community Benefit Societies Act 2003; and the Co operative and Community Benefit Societies and Credit Unions Act 2010.

RTI Penalties: HMRC at a glance guide

HMRC has produced a handy at-a-glance guide to RTI penalties.

Guide to... Employment law, income tax and buying hats

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Review of the Environmental Social and Governance Reporting Guide HK

Consultation Paper on Review of the Environmental, Social, and Governance Reporting Guide Issued by the Hong Kong Stock Exchange

Accounting for dynamic risk management: a portfolio revaluation approach to macro-hedging

Comments from ACCA to the International Accounting Standards Board (IASB).

China’s next 100 global giants

This report identifies 100 emerging businesses that are not yet well known outside China but will be competing globally over the next three to five years.

Consultation: Tackling offshore tax evasion

HMRC's Offshore Evasion and Strategy Team has initiated its first consultation documents on tackling offshore tax evasion, which are open for comment until 31 October 2014.

RTI: Disputed PAYE liabilities

HMRC have started to send letters to employers who are disputing a PAYE charge.

Pension schemes: an update on the proposed revisions to the UK SORP

In this video, ACCA’s Paul Cooper and KPMG’s Kevin Clark explain the proposed revisions to the UK SORP for pension schemes issued for consultation in 2014.

Revenue from contracts with customers: the new international standard

In this video, ACCA’s Richard Martin and Paul Cooper discuss IFRS 15, issued in May 2014. This Standard updates the international accounting requirements for a wide range of revenue-generating activity.

PAYE RTI penalties

HMRC announces a change to the proposed penalty regime for RTI with the phasing in of in-year penalties. Find out more here.

Investment entities: applying the consolidation exception, proposed amendments to IFRS 10 and IAS 28

Comments from ACCA to the International Accounting Standards Board.

Should accounts be trying to predict the future?

In this paper ACCA’s Global Forum for Corporate Reporting examines the past and future perspectives of financial reporting.

Prudence and IFRS

This paper summarises the debate about whether International Financial Reporting Standards, as the key global standards, should include prudence and state its importance in their conceptual framework.