2010

Tackling marketed tax avoidance

Comments from ACCA to HM Revenue and Customs

Technical factsheet 185: Stock and work in progress

The purpose of this factsheet is to provide guidance on the accounting and disclosure of stock and work in progress within statutory financial statements. This factsheet will consider the provisions within the Companies Act 2006 and the accounting and disclosure requirements within the related accounting regulations, SSAP 9 Stocks and long-term contracts, Financial Reporting Standard for Smaller Entities 2008 (FRSSE 2008), FRSSE 2015 and Financial Reporting Standard 102 (FRS 102) The Financial Reporting Standard Applicable in the UK and Republic of Ireland. We will also consider the contents of UITF 40 Revenue recognition and service contracts.

Clause 10 Deregulation Bill: Partial authorisation of insolvency practitioners

Comments from ACCA to the Insolvency Service.

Towards implementing European Public Sector Accounting Standards (EPSAS) for EU member states: public consultation on future EPSAS governance principles and structures

Comments from ACCA to Eurostat.

First time adoption of accruals basis international public sector standards (ED 53)

Comments from ACCA to the International Public Sector Accounting Standards Board (IPSASB)

Separate financial statements (ED 48)

Comments from ACCA to the International Public Sector Accounting Standards Board (IPSASB)

Consolidated financial statements (ED 49)

Comments from ACCA to the International Public Sector Accounting Standards Board (IPSASB)

Amendments to FRS102: Hedge accounting (FRED51)

Comments from ACCA to the Financial Reporting Council

Understanding investors: the changing corporate perspective

The last in a four-part series examining what investors want from corporate reporting and how organisations are responding to their needs. It examines current trends in reporting and the audit relationship from the perspective of the CFO, with a particular emphasis on real-time and integrated reporting.

Accounting by registered social housing providers

Comments from ACCA to the National Housing Federation.

Draft amendments to the FRSSE: Micro entities (FRED52)

Comments from ACCA to the Financial Reporting Council

Let property campaign

The Let Property Campaign targets the residential property letting market and offers a chance for landlords in this sector to get up to date or put right any errors they have made.

RTI: reporting, payments and penalties  

Just as the penalty regime commences, new information will need to be added to payroll submissions.

Tax Information - HMRC and GOV.UK websites  

HMRC business and agent content is gradually being transferred to the Gov.UK site.

VAT Update - February 2014

Details of updated VAT briefs and notices.

Creating value through governance – towards a new accountability: a consultation

This consultation paper forms part of ACCA’s investigation into whether existing governance and risk management frameworks are ‘fit for purpose’. The consultation period closed 31 August 2014.

Global perspectives on methods of healthcare funding

This paper brings together the views of senior ACCA members around the world on how different healthcare systems are funded.

IFRS 14 Regulatory Deferral Accounts

The International Accounting Standards Board (IASB) has issued IFRS 14 Regulatory Deferral Accounts as an interim Standard while it considers how the issues will be resolved over a longer term.

Consultation on IFRS 3: Business Combinations

The IASB has issued a request for information on IFRS 3 Business Combinations.

Pension transfer - QROPS

Draft guidance has been made available that is intended to apply from 6 April regarding the transfers of pension savings to qualifying recognised overseas pension schemes (QROPS).

Draft finance bill clauses

Comments from ACCA to HM Revenue and Customs.

Business Income Manual - New UK GAAP

Just as the penalty regime commences, new information will need to be added to payroll submissions.

Draft code of audit practice and statement of practice for Wales

Comments from ACCA to Wales Audit Office, February 2014

Improving the transparency of audits: proposed amendments to PCAOB auditing standards to provide disclosure in the auditor’s report of certain participants in the audit

Comments from ACCA to the Public Company Accounting Oversight Board, February 2014

Building a responsible payment culture

Comments from ACCA the Department for Business Innovation & Skills.

Equity method in separate financial statements: proposed amendments to IAS27

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

Bus services

Tax legislation specifies that expenses payments reimbursed to an employee, eg travel expenses, courses, client entertaining, represent taxable earnings and need to be reported on the form P11D.

Compensation for loss of office

This article gives information section 403 of ITEPA 2003, relating to compensation for loss of office.

Integrated Reporting: International Framework

The Integrated Reporting (IR) framework has been published. Integrated Reporting is voluntary and continues to be adopted by businesses around the world.

UK Charities: Strategic Report

The Charity Commission and the Office of the Scottish Charity Regulator (OSCR) have issued guidance

FRC Staff Education Notes

The FRC has provided helpful information on FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland

Micro-Entity Accounts

Simplified accounting is available for small companies, but is not suitable or available for all...

FRS 101

FRED 53: Draft Amendments to FRS 101 Reduced Disclosure Framework (2013/14) sets out proposed amendments to FRS 101

Long service award

This short article gives information on the taxable status of long service awards.

Autumn statement and corporation tax

HMRC have introduced changes to Extra Statutory Concession D33 (Capital Gains Tax on compensation and damages).

Compensation and damages 

HMRC have introduced changes to Extra Statutory Concession D33 (Capital Gains Tax on compensation and damages).

Guide to Review Engagements

IFAC have issued a Guide to Review Engagements, which coincides with the coming into effect of the updated standard ISRE 2400 (Revised).

How e-business transforms public sector services in the UK

The report examines how the delivery of public services has been transformed by e-business and examines the challenges and opportunities that lie ahead of both central government departments and local councils.

Zombie companies

As expectations of an economic recovery start to grow, so too does a concern that an army of businesses, so-called zombie companies, are holding back the recovery, tying up capital and resources.

Assurance Engagements

International Standard on Assurance Engagements (ISAE) 3000 has been revised.

Is finance function technology delivering on its promise?

This report discusses the current use of technology in finance shared services and outsourcing. It considers the extent to which technology is changing the face of finance delivery and providing value for the organisation.

Public Sector Reporting

The International Public Sector Accounting Standards Board (IPSASB) has published a Handbook of International Public Sector Accounting Pronouncements.

VAT update - January 2014

Details of updated VAT briefs and notices.

Private residence relief - Reduction of relief

The final period of private residence relief will be reduced from 6 April 2014.

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?