News
Legislation
The final countdown for online VAT submissions
20 February, 2010
As of April 2010 online filing of VAT will be mandatory for businesses with a turnover of £100,000 or more. The same rule will apply to businesses of any size that register for VAT as from April 2010.
Organisations that fail to protect client information will face tough penalties
18 February, 2010
Fines as high as £500,000 will come into effect after 6th April for those failing to adequately protect personal information and prevent security breaches.
Will new rules make bankruptcy too easy?
25 November, 2009
A recent announcement made by the government says that in the near future debtors will be able to apply for bankruptcy on-line or by post, thereby bypassing the court system.
ICAEW want public deficit to top the pre-budget report
24 November, 2009
ICAEW have said that the public deficit should be at the top of the pre-budget report.
Tax Information Sharing Rules pressed ahead by EU
11 November, 2009
Anders Borg - Minister for Finance will chair the ECOFIN meeting on Tuesday 10 November 2009. One of the key issues to be discussed is the further handling of the financial and economic crisis.
Chairman of SEC, Mary Schapiro backs the IASB-FASB agreement
06 November, 2009
Chairman of the SEC (US Securities and Exchanges Commission) Mary Schapiro, said in an interview on 5 November that she was encouraged by a renewed commitment by the US and international standard setters to transparency and arriving at agreed accounting standards.
IASB draft proposal released today
05 November, 2009
The new IASB (The International Accounting Standards Board) proposal hopes to address the root cause of the financial crisis by looking into banking decisions when issuing loans.
Limited Company directors’ addresses will soon be protected
12 August, 2009
The names and residential addresses of directors of registered Limited Companies in England & Wales will soon become private information.
The taxman can now pitch up without warning
06 August, 2009
The HMRC has now got powers to visit and inspect business premises, and obtain information from a taxpayer, without giving notice.
HMRC Tax amnesty has been labelled as unfair
05 August, 2009
Confirmed details are now available on the design of the New Disclosure Opportunity (NDO) in an HMRC news release and on the HMRC website.