HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
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The Financial Reporting Council (FRC) has issued amendments to FRS 102 affecting the reporting treatment of multi-employer defined benefit (DB) plans to clarify reporting of deficits in other comprehensive income.
These narrow scope amendments address a problem with the current accounting rules relating to financial reporting on pensions, which has created a lack of consistency in the way companies report the impact of an employer’s transition from defined contribution accounting to defined benefit accounting; and how it is presented in other comprehensive income (OCI).
Read more at the Accountancy Daily.