AIA NEWS

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12 December 2018

The future of finance is digital. Making Tax Digital (MTD) is one of HMRC’s key strategic priorities, with the aim of transforming and modernising how tax is reported and managed.

From April 2019, all businesses in the UK with a turnover above the VAT threshold (currently £85,000) will be required to keep digital records of their VAT in addition to filing electronic quarterly returns.

LATEST NEWS

25 July 2014

The Financial Reporting Council’s (FRC) Financial Reporting Lab has published a report on ‘Accounting policies and integration of related financial information’, which provides valuable insight for companies on what investors want from accounting policy disclosures and where they should appear in financial statements.

24 July 2014
IFRS

The International Accounting Standards Board (IASB) today completed the final element of its comprehensive response to the financial crisis by issuing IFRS 9 Financial Instruments.  The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting.  The new Standard will come into effect on 1 January 2018 with early application permitted.

24 July 2014

HM Revenue and Customs (HMRC) is today giving around 16,000 tax avoidance scheme users the opportunity to pay the tax they owe or risk facing bigger tax bills and heavy legal costs.

23 July 2014
Automatic Enrolment

The Pensions Regulator’s automatic enrolment: commentary and analysis report 2013-14, published 17 July 2014, shows that 99% of the UK’s largest employers met their legal duties without the need for the regulator to use its statutory powers.

23 July 2014
Automatic Enrolment

The Pensions Regulator has a communications plan in place for writing directly to all small employers over the next four years.

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