HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREFRC tells companies to improve IFRS 16 Leases disclosures
Companies applying the new standard on lease accounting are not providing sufficient information on its impact, according to the Financial Reporting Council’s (FRC) review of the first year of implementation of IFRS 16 Leases.
The regulator looked at the interim reports of 20 companies applying IFRS 16 for the first time. While it identified a number of examples of best practice, which tended to be those disclosures that were tailored to the company’s circumstances and provided more than the minimum requirements, it said more could be done to show the effects of the new standard.
Read more at the Accountancy Daily.
Previous
What to expect from an AML review
Next
Bank of England surprises as two officials back rate cut
NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
READ MORE
Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
READ MORE