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The International Accounting Standards Board has launched consultation on the proposed narrow-scope amendments to four International Financial Reporting Standards.
The three-month-long consultation period is a part of the board's maintenance and improvements of the standards. Annual improvements are limited to changes that either clarify the wording in an IFRS standard or correct relatively minor unintended consequences, oversights or conflicts between requirements in the standards.
The four proposed amendments included in this year’s annual improvements consultation document are:
For the proposed amendments included in this exposure draft, a single comment letter may be submitted using any one of the four project pages.
Respondents need not submit separate comment letters for each individual proposed amendment nor do they need to submit the same comment letter on all four project pages, the board advised.
The comment deadline is 20 August 2019.