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.
The Pensions Regulator’s automatic enrolment: commentary and analysis report 2013-14, published 17 July 2014, shows that 99% of the UK’s largest employers met their legal duties without the need for the regulator to use its statutory powers.
The Pensions Regulator has a communications plan in place for writing directly to all small employers over the next four years.
AIA has been working with The Pensions Regulator to provide a range of information and resources to ensure you're ready for auto-enrolment, this survey was designed to gauge how well accountants have been informed about auto-enrolment and your views on how it will impact on your business and those of your clients.
The Financial Reporting Council (FRC) has issued amendments to new UK GAAP to improve the accounting for certain financial transactions, which will also improve ease of use of the standards and reduce the cost of compliance.
The Financial Reporting Council (FRC) has today issued a consultation on Statutory Regulations and Guidance for Local Public Audits, as part of establishing the new regulatory framework for local public audit in England and Wales.