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.
On the 13 June, AIA took part in the AML Supervisors’ Forum Intelligence roundtable meeting hosted by the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) at the FCA along with other professional bodies, HMRC and the National Crime Agency (NCA) to call for different options to allow law enforcement and the NCA to share intelligence with supervisors.
Following the confirmation by HMRC at yesterday’s (11 June 2018) Agent Strategy Group Forum that the timetable for Making Tax Digital for business (MTDfb) remains as planned with VAT coming online from April 2019, AIA pressed for the availability of bridging software to be announced as a matter of urgency.
As part of the newly-launched ‘Change’ transformation programme, Companies House are striving to achieve the vision of ‘brilliant people, brilliant systems and brilliant services’. But to do this, they need your input.
AIA were delighted to attend the inaugural Companies House Stakeholder Engagement roundtable meeting for accountants at Chartered Accountants Hall last week (31 May 2018). The CEO of Companies House, Louise Smyth, attended along with members of the Companies House team to discuss current issues and challenges in the accountancy sector with key personnel from professional and representative bodies.
The 86th Annual General Meeting of the Association of International Accountants (AIA), the global body for professional accountants, was held on Tuesday 22 May 2018 at 6pm at The Wesley Hotel, 81-103 Euston Street, London, NW1 2EZ for the following purposes:
- To receive the Annual Report and Accounts for the year ended 30 September 2017.
- To elect Members of the Council.
- To appoint Auditors and to fix their remuneration.