Now that Making Tax Digital (MTD) for VAT is in effect, it’s easier to reflect on HMRC’s digitalisation initiative with clarity.
Where before certain parts of the legislation initially appeared unclear, today we’re able to identify the exact responsibilities of both clients and accountants. Whether that’s knowing how to move your accounts online or selecting bridging software to ensure compliance, all parties now have the resources to stay on the right side of the taxman come tax return deadlines.
China's export volume was stronger than expected in July due to recovering external demand, with the monthly trade surplus hitting an all-time high, according to new customs data published on 8 August.
Media reports on the deepening of mixed-ownership reform for certain State-owned banks have intensified recently, but analysts said the results of the reform remain to be seen and its pace will be slower than expected.
The speed at which Asia is creating wealth is increasing the demand for the creation of wealth management solutions and the digital revolution will change the way Asians manage their wealth, said Singapore bankers.
The IASB staff have published a document that provides an update on the most important tentative decisions reached on the Leases project during the first half of 2014. The document also explains the IASB’s reasons for reaching those decisions and the remaining work to be done in completing the project.
India and the 10-nation ASEAN are likely to sign the long-delayed free trade agreement in services and investments later this month when their economic and trade ministers meet in Myanmar.