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Retail Community resources

Key resources for community members.

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Accounting for leases (IFRS 16)

CORPORATE REPORTING FACULTY Corporate reporting policy
  • 15 May 2024
  • Corporate Reporting Faculty
Acting in the public interest, the Corporate Reporting Faculty’s policy work includes responding to consultations on accounting standards, sustainability reporting and UK regulations for company accounts. Through our policy work, we seek to influence future developments in corporate reporting.
fountain pen nib paper dotted line revenue leasing FRS 102 ICAEW By All Accounts
Exclusive Revenue and leasing under FRS 102 – the case for change
  • 04 Apr 2023
  • Kate Beeston, Sally Baker
  • By All Accounts
Kate Beeston and Sally Baker examine the arguments for changing the approach to recognising revenue and lease accounting.
ICAEW office building sculpture FRED 82 views By All Accounts
Exclusive FRED 82: first reactions from ICAEW
  • 03 Apr 2023
  • Laura Woods
  • By All Accounts
Laura Woods summarises ICAEW’s preliminary views on the FRC’s proposals set out in FRED 82.
Danielle Stewart young woman FRED 82 preparers ICAEW By All Accounts
Exclusive Proposed amendments to UK GAAP – time to embrace the change?
  • 03 Apr 2023
  • Eddy James
  • By All Accounts
Eddy James talks to Danielle Stewart OBE, partner and Head of Financial Reporting at RSM, about proposed amendments to UK GAAP.
Financial and non-financial reporting in the health sector
  • 24 Nov 2022
  • ICAEW Insights
Legislative delays, new statutory bodies and the introduction of IFRS 16 are all adding to the challenges facing health sector finance teams.
RETAIL COMMUNITY PWC's Inform on IFRS 16 Leases
  • 13 Oct 2022
  • PWC
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
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Revenue recognition (IFRS 15)

New revenue recognition model for FRS 102 and FRS 105
  • 28 Mar 2024
  • ICAEW Insights
The FRC has issued its latest amendments to UK GAAP, introducing a five-step model for revenue recognition and on-balance sheet recognition for most leases by lessees to FRS 102.
green yellow rings 3d technical news ICAEW By All Accounts
Exclusive Technical round-up: October 2023
  • 06 Oct 2023
  • Eddy James
  • By All Accounts
Eddy James summarises the latest technical developments, internationally and in the UK, including two new IFRS Accounting Standards, amends to the IFRS for SMEs by the IASB and the FRC’s proposed changes to FRS 102.
IFRS 15 goes under microscope in four-month consultation
  • 25 Jul 2023
  • ICAEW Insights
IASB review seeks stakeholders’ views on whether revenue recognition standard is working as it should – with costs and benefits of implementation a central concern.
fountain pen nib paper dotted line revenue leasing FRS 102 ICAEW By All Accounts
Exclusive Revenue and leasing under FRS 102 – the case for change
  • 04 Apr 2023
  • Kate Beeston, Sally Baker
  • By All Accounts
Kate Beeston and Sally Baker examine the arguments for changing the approach to recognising revenue and lease accounting.
ICAEW office building sculpture FRED 82 views By All Accounts
Exclusive FRED 82: first reactions from ICAEW
  • 03 Apr 2023
  • Laura Woods
  • By All Accounts
Laura Woods summarises ICAEW’s preliminary views on the FRC’s proposals set out in FRED 82.
Danielle Stewart young woman FRED 82 preparers ICAEW By All Accounts
Exclusive Proposed amendments to UK GAAP – time to embrace the change?
  • 03 Apr 2023
  • Eddy James
  • By All Accounts
Eddy James talks to Danielle Stewart OBE, partner and Head of Financial Reporting at RSM, about proposed amendments to UK GAAP.
More

Accounting of inventories (IAS 2)

RETAIL COMMUNITY IAS plus on IAS 2 - Inventories
  • Website
  • 07 Jan 2019
  • Deloitte
Overview of IAS 2 provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
IAS 2 Inventories Inventories prescribes the accounting treatment for inventories; it provides guidance on the determination of cost and its subsequent recognition as an expense, including any write-down to net realisable value.

Plastic Packaging Tax

Tax news in brief 3 January 2024
  • 02 Jan 2024
Highlights from the broader tax news for the three weeks ending 3 January 2024, including: Budget date; council tax changes for Scotland; and plastic packaging tax g-Form for insolvency practitioners.
ICAEW concerned by burden of plastic packaging tax
  • 11 Oct 2023
  • ICAEW
In its response to HMRC’s consultation regarding plastic packaging tax, ICAEW noted that compliance costs often exceed the tax liability.
HMRC consults on changes to plastic packaging tax
  • 07 Aug 2023
  • ICAEW
The consultation explores the application of a mass balance approach to determine the amount of chemically recycled plastic in plastic packaging.
Tax news in brief 17 May 2023
  • 16 May 2023
Highlights from the broader tax news for the week ending 17 May 2023, including: LBTT Green Freeports relief; SA exclusions and special cases; amendments to plastic packaging tax regulations; HMRC’s employment related securities bulletin; making child benefit claims online; and changes to the check when you can expect a reply from HMRC service.
Plastic packaging tax: detailed HMRC guidance on penalties
  • 18 Apr 2023
  • ICAEW
The penalties cover failing to register, submitting a late return, late payments and failing to meet other requirements of plastic packaging tax.
Tax news in brief 5 April 2023
  • 04 Apr 2023
Highlights from the broader tax news for the week ending 5 April 2023, including: tax on state pension arrears; self assessment forms on gov.uk; and the 12-month look back for plastic packaging tax.

VAT

Group of people having a meeting round a table
Technical round-up: October 2024
  • 31 Oct 2024
  • ICAEW Insights
This month’s top stories feature eight Budget updates covered by ICAEW’s Tax Faculty, a list of software products that are now ready for MTD ITSA, and new VAT guidance for private schools.
two colleagues employees hands meeting sitting at a table desk office typing on a laptop writing pen looking at paperwork charts graphs
How to fix VAT
  • 29 Oct 2024
  • ICAEW
In this episode we’ll be talking about the problems with VAT and why ICAEW is launching a new campaign, How to Fix VAT.
The complicated and costly world of VAT
  • 23 Oct 2024
  • ICAEW Insights
Everyone knows UK VAT is complicated and, for taxable persons, costly to comply with. But why is the tax so complex, and why does it often impose onerous compliance costs?
ICAEW helps improve HMRC’s capital allowances guidance
  • 17 Oct 2024
  • ICAEW Insights
Following a meeting at which HMRC set out seven areas of the capital allowances regime where its guidance could be improved, ICAEW has provided written comments on those areas and on the guidance generally.
Panel supports UK re-domiciliation regime
  • 14 Oct 2024
  • ICAEW Insights
The panel set up by the previous government to explore a possible UK re-domiciliation regime has outlined how the regime could work and the tax, accounting and insolvency legislation that may be needed.
New VAT guidance for private schools
  • 11 Oct 2024
  • ICAEW Insights
HMRC has published guidance for private schools on the implications of charging VAT on fees, including if, when and how they must register for VAT.
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Business rates

London Westminster
Influencing policy to support you: September 2024
  • 26 Sep 2024
  • ICAEW Insights
As parliament returned from the summer recess, ICAEW was finalising its Budget submission – urging immediate action to provide clarity over business taxes and stimulate growth – and gearing up for the political party conference season.
London Westminster
Business rates on the agenda at Lib Dem conference
  • 23 Sep 2024
  • ICAEW Insights
ICAEW attended the business day at the Liberal Democrat conference as part of its outreach to the major political parties ahead of the Budget in October.
Three people help move boxes of fruits
Charity reliefs under the spotlight
  • 28 Aug 2024
  • ICAEW Insights
Is removing the VAT exemption from private school fees and slashing business rates relief for charitable independent schools the thin end of the wedge for the Third Sector?
London Westminster
Audit reform, local audit and business rates: ICAEW’s priorities for Labour
  • 05 Jul 2024
  • ICAEW Insights
With a clear mandate to govern, Sir Keir Starmer’s Labour party must take swift action to encourage growth and investment, says ICAEW.
Spring Budget 2024: measures for business
  • 06 Mar 2024
  • ICAEW Insights
As promised in the Autumn Statement, the Chancellor used the Spring Budget 2024 to announce a suite of tax relief changes to incentivise and support growth in the UK’s creative sector.
UK Government consults on measures to tackle business rates avoidance and evasion
  • 18 Jul 2023
  • ICAEW
The consultation focuses on proposed changes to prevent abuse of empty property relief and the “next in use” exemption involving charities and community amateur sports clubs (CASCs). It also asks for evidence relating to other rates avoidance and evasion behaviour including the existence of “rogue agents” that promote such behaviour.

Payments

RETAIL COMMUNITY Retail payment systems and payment costs
  • 13 Oct 2022
  • Centre for Retail Research
The Centre for Retail Research provides an overview of the payment systems used in retail and traces some of the problems that have been encountered.

Cryptocurrencies and blockchain

EXCEL COMMUNITY Excel Lunch and Learn series: Visualisation with Excel
  • 13 Sep 2024
  • ICAEW Excel Community
Transform raw data into insightful visualisations and easy-to-read reporting with our lunch and learn series of five 30 minute webinars, presented by John Tennent, Corporate Edge.
ep 83 bitcoins
Taxing cryptoassets and reporting suspicions of fraud
  • 09 Sep 2024
  • ICAEW Insights
In this episode, we discuss the available guidance on, and the application of general principles to, the taxation of cryptoassets; as well as how auditors should be acting on their obligation to report suspicions of fraud to the regulator.
Check cryptoasset disclosures, HMRC tells taxpayers
  • 09 Aug 2024
  • ICAEW Insights
HMRC is writing to individuals who disposed of cryptoassets and may not have paid the correct amount of tax.
blue 2D illustration of computer server chips connected wires blockchain
The ABCD+ of technology: blockchain
  • 28 May 2024
  • ICAEW Insights
The ACA syllabus uses the ‘ABCD’ acronym to summarise the most impactful emerging technologies. Here, we share an introduction to blockchain, and what accountants need to know.
How to overcome the digital euro challenge
  • 15 Apr 2024
  • ICAEW Insights
As the digital revolution continues apace, plans for a digital euro offer significant benefits for society. Meglena Grueva looks at the journey from theory to practice.
Introduction to blockchain and crypto asset taxonomy
  • 10 Apr 2024
  • ICAEW
A selection of popular questions asked by delegates during the webinar: Introduction to blockchain and crypto asset taxonomy.
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Insolvency and restructuring

RETAIL COMMUNITY Who's gone bust in retailing 2007-2023?
  • 01 Jan 2023
  • Centre for Retail Research
Analysis and listing of the main retail failures since 2007, produced by the Centre for Retail Research.
Construction & Real Estate polaroid
Exclusive CONSTRUCTION AND REAL ESTATE COMMUNITY 2021 a new reckoning for the high street: the wider perspective
  • 21 Apr 2021
  • Construction & Real Estate Community
Our speakers shared their views on the wider impact of the demise of many high streets on landlords, investors and lender.
Exclusive RETAIL COMMUNITY Company Voluntary Arrangements (CVA): a retailer’s perspective
  • 20 Apr 2021
  • Paul Bedworth, Finance Director, Ann Summers & John Boyle, CFO
In this article Paul Bedworth and John Boyle answer some of the extra questions that came in from the audience during the webinar "Company Voluntary Arrangements (CVA): a retailer’s perspective".
Understanding insolvency and restructuring in retail and hospitality
  • 10 Jul 2020
13 July: the retail and hospitality sectors have been among the hardest hit by the lockdown measures. What are the warning signs for employees, suppliers and customers?
Exclusive Demystifying restructuring processes in retail and hospitality
  • 25 Nov 2021
  • ICAEW
This webinar looked at restructuring and administration processes commonly seen in the retail and hospitality sectors, and consider what businesses can do if they have concerns about their long-term viability or that of their key customers and suppliers.
RETAIL COMMUNITY Briefing paper on Company Voluntary Arrangements
  • 11 Jun 2019
  • House of Commons
House of Commons June 2018 briefing paper providing a detailed overview of the CVA procedure and a summary of the impact of recent changes in legislation.
RESTRUCTURING AND INSOLVENCY COMMUNITY Company Voluntary Arrangements: An effective tool for business rescue?
  • 01 May 2018
  • PDF (1,826kb)
  • Peter Walton, Lezelle Jacobs, Chris Umfreville
This R3 and ICAEW sponsored research carried out by Professor Peter Walton and Dr Lezelle Jacobs of the University of Wolverhampton and Chris Umfreville of Aston University was published in May 2018. The research looks at the outcome of the 552 CVAs started in 2013 and makes eight key recommendations.
Exclusive BUSINESS AND MANAGEMENT FACULTY Retailers in distress
  • 13 Apr 2018
  • PDF (135kb)
  • David Parsley
  • Business and Management
With some high-profile businesses hitting the rocks in recent months, it’s time to take a fresh look at how to head off crisis. David Parsley investigates.
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Industry press

The ICAEW Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com.

Exclusive Shoppers are still buying - Just not what you’re selling
  • Article
  • 16 Jul 2024
  • Andrea Felsted
Discusses whether consumption is collapsing following the warning of Helen of Troy Inc., maker of the viral Revlon styler brush, that US consumers are financially stretched and prioritising essentials over discretionary items. Although the preliminary reading from the University of Michigan suggests consumer sentiment unexpectedly declined to the lowest level in eight months in July, there is evidence that many US consumers are still spending. According to the author, consumers are being more choosy about where they shop, with appealing products and value for money being key.
Exclusive AI in retail: Cutting-edge solutions for modern challenges
  • Article
  • 16 Jul 2024
  • Shelby Hiter
In today's hyper-competitive retail landscape, retailers are increasingly using AI to gain advantage. AI can enhance retail operations in a growing number of ways including boosting customer engagement, improving sales and marketing strategies, optimising inventory management, streamlining supply chains and providing advanced data analytics and insights. A range of AI tools and technologies for retailers are explored with examples of how leading brands are using AI.
Exclusive Stress among Europe's retailers rises to highest since Covid
  • Article
  • 15 Jul 2024
  • Irene García Pérez
Stress levels among Europe's retail and consumer goods companies have reached their highest point since April 2020, according to research by law firm Weil, Gotshal & Manges. The sector has been impacted by weaker spending power and ongoing supply chain disruptions.
Exclusive Intersport, Decathlon largest clothing retailers in France
  • Article
  • 04 Jul 2024
Intersport and Decathlon have become the leading clothing retailers in France according to a study by Kantar. They have overtaken hypermarkets, which previously controlled a combined 20 percent of the clothing market in 2000. The growing presence of international retailers in France is discussed, a trend that's expected to continue over the coming years.
Exclusive Real growth for UK retailers
  • Article
  • 01 Jul 2024
The grocery market in the UK returned to real growth in 2024 according to research from IGD, although the main driver of growth was reported to still be inflation.
Exclusive Nearly 40% of UK retailers fail to meet delivery times
  • Article
  • 01 Jun 2024
A new report by parcelLab and Salesupply highlights a number of areas that UK retailers need to improve upon in relation to customer communications and delivery processes. It identifies issues with delivery reliability, with a significant number of retailers not meeting advertised delivery times. Tracking transparency, disappointing shipping fees and customer service response times are also highlighted as areas for retailers to focus upon.
Exclusive Investors bet on London's Oxford Street bouncing back
  • Article
  • 16 Feb 2024
  • Elina Ganatra, Katie Linsell
Oxford Street's shops have seen a steady recovery, with visitors bouncing back strongly in 2023. The recovery is attributed to improved retail and leisure offerings, as well as the opening of new stores and the introduction of the Elizabeth Line. While footfall remains below pre-Covid levels, investors are showing interest in the area, and retailers including HMV, Ikea and Krispy Kreme Doughnuts have opened or are due to open new stores.
Exclusive Brits can't stop buying cakes and cheap clothes
  • Article
  • 23 Jan 2024
  • Leonard Kehnscherper
December 2023's drop in retail sales and the unexpected rise in inflation caused some industry experts to fear that consumers' resilience is wilting. But it seems that doesn't apply to cheap fashion and sweet treats. Primark reached its highest ever market share in the final months of 2023, while a jump in Cadbury cake sales helped Premier Foods deliver a 21% jump in its sweet treats division.
Terms of use

You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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Market research

The ICAEW Library & Information Service provides access to industry profiles and market reports as a benefit of ICAEW membership. See our Industry guides for a more comprehensive selection of market research resources for a wide variety of industries, including electrical retail, food retail and retail banking. If you are unable to access a report, please see our Online resources troubleshooting or contact library@icaew.com.

Exclusive Online retail in the United Kingdom
  • Jan 2023
  • MarketLine
An industry report on online retail in the UK, providing market data analysis and forecasts, with data on the competitive landscape and key players.
Exclusive Toys & games retail: Global
  • Dec 2022
  • MarketLine
An industry report on global toys and games retail, providing market data analysis and forecasts, including analysis of the impact COVID-19 is having on the leading industry players.
Exclusive Toys & games retail in Europe
  • Dec 2022
  • MarketLine
An industry report on toys and games retail in Europe, providing market data information and forecasts, including analysis of the impact COVID-19 is having on the leading industry players.
Exclusive Apparel retail in Europe
  • Nov 2022
  • MarketLine
An industry report on apparel retail in Europe, providing market data analysis and forecasts, with data on the competitive landscape and key players.
Exclusive Apparel retail in the United Kingdom
  • Nov 2022
  • MarketLine
An industry report on apparel retail in the UK, providing market data analysis and forecasts, with data on the competitive landscape and key players.
Exclusive European retail real estate: successfully navigating a world in transition
  • Mar 2019
  • International Council of Shopping Centers
  • Industry Insights - Industry Sector Series
A report on major trends currently impacting the fast-changing European retail real estate industry.
Terms of use

You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

eBooks

The ICAEW Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive Building a narrative
  • 2017
  • Aswath Damodaran
  • Columbia University Press
This chapter explains how to build a persuasive business story, with case studies from Uber, Ferrari, Amazon and Alibaba.
Exclusive Big data in practice: how 45 successful companies used big data analytics to deliver extraordinary results
  • 2016
  • Bernard Marr
  • Wiley
Offers an in-depth insight into how specific companies use big data.
Exclusive Reliefs from import duty
  • 2016
  • Andrew Rimmer
  • Spiramus
  • Trading Places - VAT and Customs
This chapter covers the schemes which offer goods relief from EU customs duty.
Exclusive Competing in tough times: business lessons from L.L.Bean, Trader Joe's, Costco, and other world-class retailers
  • 2010
  • Barry Berman
  • Pearson
A guide to winning business strategies for retailers.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Thought leadership

Our thought leadership is intended to change thinking and behaviour. We want to help our members do their jobs as best they can. Ultimately, this will enable a world of sustainable economies.
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Rodin's The Thinker
Information

Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.