AIA operates a range of sanctions imposed on members relating to the seriousness of misconduct, the level and history of non-compliance and the risk posed to the interests of the public and the integrity of AIA’s reputation. The AIA Sanctions Handbook is used by AIA disciplinary committees for all complaints and non-compliance referrals they consider; AIA operates an effective and proportionate enforcement policy, applied in a fair and consistent manner.
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.
Currently, UK VAT registered businesses making B2C sales to private individuals in another EU state will charge UK VAT at 20%. From 1 January 2015, however, all businesses will need to account for, and pay VAT to, the country where the customer is located, reports Real Business.
Agent Update 43 has been published on the HMRC website at www.hmrc.gov.uk/agents/update43.pdf.
Hong Kong Financial Secretary, John Tsang started his visit to Singapore on 31 July 2014 to strengthen economic and trade ties between the two cities.