High income child benefit charge

The 2012/13 self-assessment tax return for individuals includes, for the first time, a section in respect of the high income child benefit charge.

Claiming relief for losses

Supreme Court case clarifies the correct procedures that clients seeking to claim relief on losses should follow.

Draft guidance to the directors of companies applying the UK Corporate Governance Code

Comments from ACCA to the Financial Reporting Council.

The new strategic report

The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 apply to financial years ending on or after 30 September 2013

HMRC extends Real Time Information (RTI) holiday for micro-employers

HMRC has extended the RTI holiday for employers with 9 or fewer employees until 6 April 2016.

Inheritance tax and the Autumn Statement

How will inheritance tax change following the Autumn Statement?

E-invoicing adoption by UK SMEs: 2012–13 estimates

This report updates and expands ACCA’s 2012 estimates of e-invoicing adoption among UK SMEs, and investigates the relationship between e-invoicing and SMEs’ access to finance.

Identifying natural capital risk and materiality

This joint paper from ACCA, Fauna & Flora International and KPMG is a guide for businesses interested in understanding natural capital as a business risk and a material issue.

A review of the conceptual framework for financial reporting

Comments from ACCA to the International Accounting Standards Board.

Trading losses and how to utilise them

A review of how trading losses may be utilised for tax purposes.

Single market: free movement of services review

Comments from ACCA to the Department for Business, Innovation and Skills.

Investments in debt instruments

Comments from ACCA to the International Accounting Standards Board , January 2009

The moment of truth for public services across Europe

The EP Intergroup on public services and the influential daily Europolitics organised a high-level conference called 'Public services in Europe: the moment of truth', at the European Parliament in Brussels. ACCA, represented by Gillian Fawcett, head of public sector, was invited to speak at the roundtable chaired by MEP Francoise Castex, chair of the Intergroup.

Anti-avoidance and mixed partnerships

Draft legislation that counters excessive tax-motivated allocations of profits and losses in mixed partnerships and LLPs was published as part of the Chancellor’s Autumn Statement.

Personal service companies

Expected changes to the rules affecting personal service companies will only affect persons working through an offshore agency.

VAT, indirect taxes and the Autumn Statement 2013

The Autumn Statement resulted in a number of reforms, mainly aimed at specific business types or assets.

Income tax, national insurance, pensions and tax credits

What changes to personal taxes were announced in the Autumn Statement?

Global economic conditions survey report: Q4, 2013

The Global Economic Conditions Survey (GECS), carried out jointly by ACCA and IMA, is the largest regular economic survey of accountants in the world, in terms of both the number of respondents and the range of economic variables it monitors.

Financial education for entrepreneurs: what next?

This report considers how the global agenda on financial literacy, capability and education relates to entrepreneurs, and reviews the latest evidence on the effectiveness of such interventions.

HMRC digital strategy – legislative changes to enable paperless self assessment

Comments from ACCA to HM Revenue and Customs.

Robert Smith v HMRC (TC2768) 2013

[20/12/2013] The recent tax first tier tribunal case has caused controversy in the professional press and calls into question whether the 'enquiry window' for opening an HMRC inquiry is still meaningful. Is it as bad as it seems?

Future of local audit – secondary legislation

Comments from ACCA to the Department for Communities and Local Government.

Entertainers: national insurance contributions

[18/12/2103] Revenue & Customs Brief 29/13, National Insurance contributions: HM Revenue & Customs’ position following the Court of Appeal decision in the case of ITV Services Ltd v Commissioners for HMRC, states that the decision reached in earlier tribunals has been upheld by the Court of Appeal.

Detailed proposals for the FCA regime for consumer credit (CP13/10)

Comments from ACCA to the Financial Conduct Authority.

Docket matter no. 034, proposed auditing standards (auditor reporting)

Comments from ACCA to the Public Company Accounting Oversight Board.

The ACCA international public sector conference 2013

Video presentations from the ACCA international public sector conference 2013 explore the theme of 'financial reporting for an open world'.

Limit on income tax reliefs from 6 April 2013

[03/12/2013] Legislation was implemented by the Finance Act 2013 to place a limit on income tax reliefs from 6 April 2013. Here we look at how this limit will operate.

Big data: its power and perils

This report identifies the impacts of big data on the accountancy and finance professions in the coming five to ten years.

Zombie companies: just a bad dream?

Q3 of 2013 saw the first signs of a recovery in the UK, and with it a debate about the existence and prospects of so-called ‘zombie’ companies.

Accountants and money laundering

In this video John Davies, head of business law at ACCA, discusses what accountants need to know about money laundering.

Chairs of regulatory bodies

Comments from ACCA to the Legal Services Board.

Reporting on audited financial statements: proposed new and revised international standards on auditing

Comments from ACCA to the International Auditing and Assurance Standards Board.

Guidance on the strategic report

Comments from ACCA to the Financial Reporting Council (FRC).

Technical factsheet 184: Audited accounts for IATA agents: interim guidance

This technical factsheet gives a brief summary of the changes introduced by IATA Travel Agent’s Handbook 2013 (Resolution 818g edition)...

FRED 49 insurance contracts

Comments from ACCA to the Financial Reporting Council (FRC), October 2013

Consultation on changes to licensing arrangements for insolvency practitioners

Comments from ACCA to the Department of Enterprise, Trade and Investment.

Accounting and reporting by charities

Comments from ACCA to the Charity Commission and the Office of the Scottish Charity Regulator, November 2013

Residential management companies’ financial statements and consequential amendments to the FRSSE

Comments from ACCA to the Financial Reporting Council (FRC), November 2013

Insurance contracts: ED/2013/7

Comments from ACCA to the International Accounting Standards Board (IASB), October 2013

Connecting capital markets: the Nairobi Security Exchange Growth Enterprise Market Segment

This paper draws on interviews with Nairobi Security Exchange (NSE) officials as well as coverage in the African and international financial press to tell the story of the Growth Enterprise Market Segment (GEMS), the Nairobi-based board targeted at small and medium-sized enterprises. It is part of a series of ACCA case studies looking into the shared experiences of regulators, exchange operators, investors and listed firms in emerging capital markets.

VAT Update - November 2013

[04/11/2013] Updated HMRC notices, information sheets, briefs and other updates.

RTI and penalties

[01/11/2013] A look at the PAYE penalty regime under RTI.

Reporting practices on fossil fuel reserves

In two video presentations, James Leaton introduces the 2013 research paper, 'Carbon avoidance?, and Richard Martin explains how unburnable carbon might be reflected in a company’s financial statements.

VAT penalties

[31/10/2013] A summary of the VAT penalties currently applicable.

XBRL and new UK GAAP

[29/10/2013] How financial statements prepared under the new financial reporting standards will be submitted in XBRL format.

The taxpayer fights back

[29/10/2013] Taxpayers successful in fight against HMRC’s online filing requirements.

VAT Update - October 2013

[29/10/2013] Details of the latest changes to VAT from HMRC, along with changes to VAT Notices and VAT in the European Union.

Capital gains tax on property leases

[29/10/2013] The income and capital gains tax treatment for property leases can be complex and it is worth while considering the basic rules.

International standards and the true and fair view

FRC commissions a QC’s opinion on the legal status of IFRS accounts under UK company legislation.

Directors' remuneration disclosure changes

[28/10/2013] There have been changes in regard to the disclosure requirements of directors’ remuneration.