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.
The Financial Reporting Council (FRC) has today issued an exposure draft: ‘FRED 55 Draft Amendments to FRS 102 – Pension obligations’, in order to clarify issues relating to accounting for defined benefit pension plans in advance of new UK and Irish GAAP becoming mandatory from 1 January 2015.
People with undeclared offshore tax liabilities are being urged to come forward and pay what they owe or face prosecution, under new rules announced by the government today.
A settlement opportunity for employers who have used Employee Benefit Trusts (EBT) to avoid tax will close in March 2015, HM Revenue and Customs (HMRC) have announced.
You can now apply for protection of your pension savings from the lifetime allowance up to an overall maximum of £1.5 million. This is called individual protection 2014.
The International Accounting Standards Board (IASB) has published Equity Method in Separate Financial Statements (Amendments to IAS 27). The amendments to IAS 27 will allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate financial statements.