Our Business Edge newsletter is intended to keep busy FDs and CFOs up to date with important developments in accounting, auditing and tax.
Each month we will cover a range of topics to give you an informative but concise overview – our aim is to help you identify issues you need to examine in depth for the future and to flag issues that may require immediate action.
January 2021
- December 2020 year ends – accounting reminders
- UK-EU deal – why the origin of goods rules are vital for customs duty
- Brexit impact on US tax treaty relief
- DAC6 cancellation and replacement with OECD rules
- Post-Brexit VAT recovery for financial services and insurance businesses
- FRC’s corporate reporting target areas for 2021 and beyond
- What is your innovation strategy?
December 2020
- Brexit priority checklist
- VAT changes in 2021
- Capping of payable R&D credits for SMEs
- FRC guidance on cash flow and liquidity disclosures
- Sustainability and climate change reporting - now a key issue
November 2020
- Reporting in times of uncertainty - a look forward
- Accounting for Covid-19 related rent concessions
- Improvements in corporate reporting that the FRC expects
- What should corporate reporting look like?
- Corporate Criminal Offences: only a third of businesses have acted to protected themselves
- Coronavirus Job Retention Scheme extended
- Taxation of the Digital Economy - Rethinking the world tax system
October 2020
- Job Support Scheme
- Winter Economic plan
- IBOR reform – IASB issues more accounting reliefs
- Profit Diversion – a new wave of “nudge” letters plus a possible extension of the HMRC Compliance Facility?
- Companies House – transparency reform
September 2020
- Rethinking workforce planning – IR35 rules await businesses in 2021
- Corporate Criminal Offences: a guide to preparing a defence
- Temporary 5% VAT rate for hospitality – how it works
- Indirect property ownership and tax deductibility of interest - a further hurdle
- FRC provides useful examples of COVID-19 related disclosures
July 2020
- Summer Economic Statement
- June 2020 interim reports – in the context of COVID-19
- Reminders for June 2020 interim reports – Amendments to IFRS
- FRC guidance for reporting in times of uncertainty
- Termination Payments – the tax and NIC issues
- Adapting royalties and service payments in the short and longer term economic environment
June 2020
- Business ‘permanent establishment’ and home workers
- Tax on Coronavirus financial support from the government
- FRC sets expectations on APMs and exceptional items in the context of the COVID-19 pandemic
- Simpler lessee accounting under IFRS 16 for rent concessions as a result of COVID-19
- IASB updates to IFRS
- Revising property lease terms and barters – the VAT implications
May 2020
- Notification of uncertain tax treatment by large businesses
- Managing risks when waiving or deferring pay and bonuses
- Debt restructuring and related tax considerations in light of COVID-19
- Non-resident landlords – accounts to support UK Corporation tax returns
- COVID-19 and Alternative Performance Measures
- Tougher environmental disclosures for listed companies
April 2020
- COVID-19 – support for individuals and businesses
- External Audit, Financial Reporting and Coronavirus (COVID-19)
- Early Loss Carry Back Claims
- How updating your transfer pricing policies can help your cashflow
- Corporate tax residence and COVID-19
- Digital Services Tax comes into effect from 1 April
- Changes to IFRS 17
- IFRS 16 - Changes to help lessees
March 2020
- Covid-19 – Government support for businesses
- Budget 2020 analysis
- Freeports – The Government’s Vision
- Country-by-Country Reporting – wider and deeper
- Are your liabilities current or non-current?
February 2020
- Budget 2020: What we can expect
- Corporate interest restriction Health-check
- Making Tax Digital for VAT: Digital link mandate
- Whose R&D is it? A recap of the basic rules
- EU rules on disclosure of cross-border tax avoidance schemes
- Digital Services tax - OECD/G20 Inclusive Framework on BEPS endorses OECD’s proposals
- Multinational companies pay £5bn additional corporation tax
- Transfer pricing on financial transactions – OECD Final guidance
- Profit or loss statements may be changing
January 2020
- VAT on digital publications – Upper Tax Tribunal says some can be zero-rated
- Year End Tax Reporting Challenges
- Four allowances schemes to consider when investing in digital
- Have you updated your impairment model for IFRS 16?
- FRC’s Annual Review of reporting under the UK Corporate Governance code
- FRC corporate reporting focus areas for 2020 and beyond
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