News in Professional resources
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Insolvency Technical Update - August 2019
A monthly round up of insolvency related news.
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New thoughts on accounting for tax
Donald Drysdale comments on a proposal on accounting for tax, offered by CAN as the first in a series of ‘corporate accountability standards’ to replace IFRS.
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CAs favour continued membership of the single market
CAs have stated consistently that their preferred Brexit outcome is for the UK to remain in the single market, according to the ICAS Brexit Tracker.
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GMP equalisation: FTSE 100 accounts
Christine Scott and Liz Duffy report on how FTSE 100 companies are accounting for GMP equalisation following the Lloyds judgement.
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GMP equalisation: employer accounts
Guidance issued by the ICAS Pensions Panel on accounting for GMP equalisation by sponsoring employers.
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Daily tax penalties north and south
Recent Tax Tribunal decisions cause doubt on the effectiveness of UK-wide Taxes Management Act penalty provisions and Scottish tax legislation.
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This month in tax
Justine Riccomini advises on tax webinars, seminars and learning opportunities that CAs and tax professionals should be aware of in September and ahead.
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Internal audit consultations
Anne Adrain, Head of Sustainability and Assurance and Alan Simpson CA summarises the key points in recent Internal Audit consultations.
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HMRC on discovery – and ‘new’ land
When a company faced tax on £1.2 million gain, HMRC failed to use the right remedy, and lost its right to collect the tax.
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Is two-tier audit inevitable?
ICAS discusses whether a two-tier audit regime is on the horizon.
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Income Tax shortfall for Scotland
The Scottish Income Tax report from 2017/18 reveals a £941m shortfall on what was predicted would be raised from Scottish Income Tax receipts in that year.
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Charities: Let’s talk about impact
Rachel Pigott, shares her perspectives on impact reporting and why the charity sector should be leading the way.
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The importance of finding a good tax agent
Susan Cattell considers the latest ruling in a case which illustrates the importance of finding a good tax agent and raises questions about the provision of tax services.
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Forthcoming employment tax legislation
Justine Riccomini examines the draft employment tax legislation proposed for Finance Bill 2019
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Options for Scotland’s council tax
A report from the Resolution Foundation proposes options for reforming Scottish council tax, but Donald Drysdale finds some surprising omissions
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Internal audit and governance
Internal audit plays a key part in the corporate governance environment and this article considers its role.
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Employment Allowance becomes complex
Justine Riccomini explains what is happening to the Employment Allowance and how it will affect employers.
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Recommended SDG Disclosures
As organisations start to incorporate the UN SDGs within their business model, a consultation on a proposed framework for recommended disclosures is issued.
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VAT - Entitlement to recover
Jan Garioch CA discusses a recent case, HMRC v Frank A Smart & Son Ltd, which saw the Supreme Court delve into the jurisprudence of the ECJ to find the answer.
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IR35 draft provisions
Justine Riccomini takes us through the main points of the proposed legislation for inclusion in FA 2020 relating to IR35 in the private sector
