Speaking at a New City Agenda event held in the Houses of Parliament on 16 May 2019, Sir John Kingman, the author of the independent review of the Financial Reporting Council (FRC) set out the broad range of 83 recommendations contained within the report and his expectation of future reform to implement the review.
HM Revenue & Customs (HMRC) has published two draft statutory instruments for external technical consultation together with a commentary on the regulations.
The government has today called on industry to submit their thoughts on the future of the UK oil and gas tax regime.
The Irish Revenue has updated their guidance on the tax treatment of lump sum payments on a redundancy or a retirement. Such lump sum payments may be exempt from tax or may qualify for some relief from tax.
The Irish Revenue has published updated guidance on the VAT Transfer of Business Relief. The guidance covers the VAT relief on the transfer of goods, goodwill or other intangible assets between accountable persons.
The Exchange Fund’s foreign assets increased by HK$10.5 billion in June to HK$2.6706 trillion, the Hong Kong Monetary Authority announced today.