Latest updates
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SEISS grants tax return headaches
Due to special new rules, SEISS grants bring potential tax return headache for HMRC and advisers. What are the issues?
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Coronavirus - Insolvency
See the latest information in insolvency amid the coronavirus outbreak.
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BEIS responds to extension request
We highlight the BEIS response to ICAS’ request for a continuation of the automatic filing extension with Companies House.
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ICAS response to IFRS 16 amendment
Read the ICAS response to the IASB amendment to IFRS 16 on COVID-19-related rent concessions beyond 30 June 2021.
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Response to IAASB discussion paper
James Barbour highlights the ICAS response to the IAASB’s discussion paper on fraud and going concern.
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Updated guidance from FRC and FCA
The FRC and FCA have issued new updated guidance for companies, auditors and users of financial statements.
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Automatic filing extension
ICAS has asked BEIS for the extension to the filing of accounts to be continued beyond the 5 April 2021 deadline.
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JFRC and FCA joint statement
Read about a joint statement from the FRC and FCA on the company reporting measures still available during COVID-19.
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Going Concern – IFRS Disclosure
James Barbour CA highlights education material published by the IFRS Foundation to help companies apply going concern requirements.
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HMRC lifts late filing penalties
Further to ICAS’ correspondence with HMRC, late filing penalties will not be charged for those who file online by 28 February.
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ICAS urges HMRC to reconsider
ICAS has written again to Jim Harra, requesting that HMRC reconsiders our request to waive penalties for late filing.
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Accountants’ response to COVID-19
Read this report by the Accounting Bodies Network (ABN) of A4S on the profession’s response to the pandemic.
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Going concern guidance for auditors
We highlight the going concern guidance for auditors ‘Covid-19 and Beyond’ issued by ICAS in December 2020.
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HMRC responds to ICAS
HMRC urges all customers to complete their annual returns by 31 January and advises late filing penalties will not be waived.
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Charities: focus on going concern
Find out more about ICAS’ practical tailored guidance for charity trustees on going concern.
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Companies House urges early filing
We highlight Companies House call for accountants to file clients’ accounts online and as early as possible.
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Accountancy firms in level 4 areas
What do the level 4 coronavirus measures mean for accountancy firms in affected council areas?
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Trustees' guide on sponsor distress
Find out more about TPR’s new guidance for trustees of DB schemes on sponsor distress.
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ICAS writes to HMRC
ICAS has asked HMRC to waive penalties automatically for annual returns up to three months late between now and 30 June 2021.
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CJRS to continue until March 2021
Learn more about the announcements made on Saturday 31 October and 5 November in relation to the further extension to the CJRS