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• VAT Returns Must Be Submitted Online From This Spring

    HMRC is reminding VAT-registered businesses that all VAT returns must be submitted online from this spring. The current method of sending HMRC a paper VAT return will end from April, where all VAT-registered businesses in the UK will be required ...

• January Meeting Sees MPC Vote Unanimously To Hold Interest Rates And Continue With Quantitative Easing.

    The Bank of England's Monetary Policy Committee (MPC) has said there is now a reduced risk of "severe dislocation" to the banking system. Minutes from the meeting held on 11 & 12 January 2012 showed members voted unanimously to hold interest rates an...

• Common Understanding On Third Country Equivalence Reviewed And Updated

    The UK has worked closely with other EU Member States to review and update the Common Understanding on Third Country Equivalence. The list of equivalent countries had not been updated since it was introduced and the criteria for countries being on th...

• Ireland's Successful Completion Of Quarter 4 2011 Review Of The EU/ IMF Programme

    Ireland has successfully concluded the final quarterly programme review mission for 2011 with the EU Commission, the ECB and the IMF. In each quarter Ireland has consistently achieved all of the targets set under our programme of assistance. The revi...

• New Fiscal Forum Meets To Discuss Tax Issues Affecting Oil And Gas

    Economic Secretary to the Treasury Chloe Smith paid tribute to the economic contribution of the oil and gas industry, as she chaired the first meeting of a group set up to boost engagement with the sector. The Fiscal Forum was established by the Gove...

• FRC Publishes An Update For Directors Of Listed Companies: Responding To Increased Country And Currency Risk In Financial Reports

    The Financial Reporting Council (FRC), the United Kingdom’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, today publishes an Update for Directors of Listed Companies in the UK t...

• FSA Imposes £2.17 Million Fine For Failure By Direct Line And Churchill To Conduct Their Businesses With Due Skill, Care And Diligence

    The Financial Services Authority (FSA) has imposed a fine of £2,170,000 for failings by Direct Line Insurance Plc (Direct Line) and Churchill Insurance Company Limited (Churchill) to prevent files that the FSA had requested from being improperly alte...

• IFAC Posts Call For Nominations For Boards And Committees In 2013

    The International Federation of Accountants (IFAC) has issued an announcement to alert its members, Forum of Firms, other international organisations and the general public of its Call for Nominations for IFAC Boards and Committees in 2013 . For th...