All the latest news about ICAEW and the accountancy profession.
Don't miss out on our daily summary of what's happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered daily to your mailbox.The Professional Bodies Climate Action Charter aims to create a common language around climate change and a collaborative environment for all professions.
The ongoing publicity around the Excel issue that led to the loss of contact tracing data underscores the need for organisations such as Public Health England to share information on spreadsheet errors for the good of all, writes Excel lecturer and chartered accountant Simon Hurst.
The new British standard outlines a set of principles to bring a uniform approach to preparing natural capital accounts.
UK plans for a “simpler and more nimble” post-Brexit system of state subsidies have been outlined as the government looks to boost selected industries, level up economic growth across the UK and drive a green industrial revolution.
ICAEW is one of eight professional bodies to develop a Charter to help drive change among institutions and their members.
Highlights from the broader tax news week ending 30 June, which includes: pensions schemes and leases to connected tenants, an extended time limit for notifying an option to tax, a reminder to tell HMRC about an EU VAT import one stop shop registration, HM Treasury's launching of the business rates revaluation consultation and HMRC's latest briefing on collecting tax debts.
The BEIS whitepaper proposes replacing the current regulator, the Financial Reporting Council, with a new, more powerful body, the Audit Reporting and Governance Authority – ARGA. ICAEW’s Iain Wright is joined by a mega-panel of experts to discuss this proposal.
Trust in business and other institutions, such as Parliament and the press, has been declining for decades. How do we reverse the tide? Do the measures in the BEIS whitepaper set out a path to build back trust?
HMRC has acknowledged its error in not allowing overpaid CGT on UK residential property to be offset against income tax. ICAEW’s Tax Faculty explains the solution that has been put in place for 2020/21 self assessment returns.
As work continues behind the scenes on the complex rollout of Making Tax Digital, ICAEW’s Tax Faculty has the latest details on where things stand with MTD for VAT and income tax.