ICAEW technical round-up: August 2024
This month’s top stories include: warning of a fraudulent HMRC letter; confirmation of how property income for Making Tax Digital is calculated; and HMRC changes to LLP salaried member rules.
Read the latest insights on financial reporting and accounting in the public sector, including developments in International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards (IFRS). Find out more about how governments around the world are adopting accrual accounting and producing financial reports similar to those used in the private sector, and the public sector specific issues they need to consider.
This month’s top stories include: warning of a fraudulent HMRC letter; confirmation of how property income for Making Tax Digital is calculated; and HMRC changes to LLP salaried member rules.
This month’s top stories include what members might see in the next Budget in October, HMRC writing to persons with significant control for their tax returns, and a warning on workplace nurseries.
A bumper King’s speech marked the state opening of parliament, containing 40 bills. These are the most relevant for business.
This month’s top stories include an explainer on the basis period reform, a summary of the key tax policies from the main parties’ general election 2024 manifestos; and HMRC reminds taxpayers about roll-over relief claims.
Department keeps under review or rejects several recommendations made by the Levelling Up, Housing and Communities Committee inquiry into financial reporting and audit in English local authorities.
The adoption of accrual accounting by governments is gathering momentum. If a government were to adopt accrual accounting now, is the adoption of IPSAS the most sensible option?
This is the fourth instalment in a series looking at the differences between International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), and the suitability of each for public sector financial reporting.
Proposed backstop date of 30 September 2024 would force auditors to qualify or disclaim local authority financial statements if councils cannot resolve accounting issues in time.
Our chart looks at the £3.3trn of net liabilities presented in the UK government’s consolidated financial statements for the year ended 31 March 2021 that were finally published more than 27 months after the balance sheet date.
The 2030 Agenda for Sustainable Development is a historic global agreement agreed by world leaders at the United Nations in 2015. Seven years on, reporting on the 17 Sustainable Development Goals (SDGs) remains a work in progress.
The climate conference in Glasgow (COP26) highlighted the planet’s perilous state and how commitments made must be turned into action, not just by the private sector, but also by the public sector. The need for comprehensive financial and non-financial information on climate and sustainability has never been more necessary.