News in Professional resources
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Internal controls
ICAS summarises Brydon’s recommendation for introducing a UK version of Sarbox and his proposals on internal audit.
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Fraud protection and detection
ICAS summarises Brydon's proposal for a package of measures around fraud detection and prevention.
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Brydon review published
Brydon publishes his report on the quality and effectiveness of audit.
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Purpose of audit redefined
Anne Adrain, ICAS Head of Sustainability and Assurance, summarises the recommendation for a redefinition of audit and its purpose.
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Taxing the unicorn
Philip McNeill discusses a recent case - Unicorn Tankships (428) Limited – concerning tonnage tax and whether a shipping company was liable to a balancing charge on the sale of an asset.
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Tax repercussions of Tory landslide
Given the decisive outcome of the general election, Donald Drysdale wonders what tax developments will follow. The views expressed are his own and not necessarily those of ICAS.
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Look out for HMRC corrections
Susan Cattell discusses ongoing issues arising from HMRC’s policy on reclassifying a taxpayer’s residence and highlights the need to look out for any incorrect ‘corrections’ of 2018/19 tax returns.
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Learn about the ECIIA
Learn about the work of the ECIIA, which represents the internal audit profession throughout Europe.
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Matchmaking services and VAT
Does a matchmaking service fall under the consultants’ services provisions (VATA 1994 Sch4A para16(2)(d)) so that supplies to non-taxable persons outside the EU fall outside the scope?
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Insights from audit committee chairs
ICAS has published a new joint report exploring the experiences and insights of audit committee chairs.
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Private residence relief – off-plan purchase victory
Private residence reversal – common sense prevails in Higgins case
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Pension excess contributions charge
HMRC’s Pension schemes announced ‘We know that scheme members are forgetting to declare details of their annual allowance charge on their Self Assessment returns’. What is the problem, and what should you do about it?
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ICAS comments on tourist tax
ICAS submits its response to the Scottish Government Consultation on Transient Visitor Levy (Tourist Tax)
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Insolvency technical update – November 2019
Insolvency technical update – your round-up of recent developments in insolvency.
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New Brexit withdrawal agreement impacts business confidence
ICAS (The Institute of Chartered Accountants of Scotland) has found in its latest poll of members that 54% do not think the latest Brexit withdrawal agreement is “positive” for business.
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Tax: Election aspirations (Part 2)
In this the second of two articles, Donald Drysdale studies more of the general election manifestos, in no particular order – continuing his impartial look at some of the key tax issues they address.
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Tax: Election aspirations (Part 1)
In this the first of two articles written as general election manifestos arrive thick and fast, Donald Drysdale takes an impartial look at some of the key tax issues they address.
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NHS pensions reprieve
NHS staff likely to breach the pensions annual allowance for 2019/20 are being offered a temporary reprieve from their tax liability
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Ensuring HMRC’s automated processes are valid
Susan Cattell discusses the announcement of proposed legislation, to be included in the next Finance Bill, to confirm that HMRC’s use of large-scale automated processes is, and always has been, in line with the law.
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Tax: Additional dwelling supplement
Reflecting on anomalies that have arisen with ADS, Donald Drysdale hopes that the Scottish Government will find a better way to correct, update and maintain its devolved taxes.
