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 MOREUniversity launches app to ‘translate’ annual report information
A team of academics at Lancaster University has developed an app to help investors and regulators make sense of hard-to-understand financial reports, after finding that while annual reports have doubled in length in the last decade, there has been no improvement in their readability score.
Annual report narratives contain commentary on financial performance, as well as supplementary information on topics such as principal risks and corporate social responsibility policies, but at present, there is no uniform structure to such documents, making comparison and large-scale analysis severely challenging.
Read more at Accountancy Daily.
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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...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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