Displaying 1-50 of 68 results
What you need to know about money laundering in 2026
- Article
- 16 Feb 2026
As 2026 unfolds, new pressures are reshaping the fight against money laundering. Professionals must be particularly alert to the influence of sanctions evasion and advanced technologies.
Exports: what you can learn from record £1m sanctions fine
- Article
- 10 Nov 2025
A UK exporter paid the price when selling goods to a company incorporated in Russia operating in a third country. The case highlights the need for businesses to completely understand sanctions rules and their implications.
New sanctions for Russia as Ukraine war enters fourth year
- Article
- 26 Feb 2025
UK announces largest sanctions package against Russia since 2022, imposing 107 new measures to disrupt funds going into Putin’s war chest.
New unit helps businesses comply with UK trade sanctions
- Article
- 22 Oct 2024
The Office of Trade Sanctions Implementation has new and enhanced powers to crack down on businesses in breach and make sure UK sanctions are effective.
Influencing policy to support you: May 2024
- Article
- 31 May 2024
ICAEW has been meeting with MPs to discuss economic growth and the opportunities offered by technology, as well as giving evidence to parliament on audit reform and the effectiveness of sanctions on Russia.
UK sanctions regime ‘not up to scratch’
- Article
- 24 May 2024
ICAEW gave evidence at a Treasury Committee hearing which highlighted a number of problems in the UK sanctions regime.
UK government outlines new sanctions strategy
- Article
- 11 Mar 2024
Two years on from the start of the war in Ukraine, the UK government has set out a sanctions strategy that strengthens its capability.
Russia exit failures put businesses on the back foot
- Article
- 03 Apr 2023
Following the invasion of Ukraine, many companies pledged to withdraw their business operations from Russia. A year on, many are still there, risking stakeholder revolts.
Ukraine: further sanctions against Russia announced
- Article
- 09 Mar 2023
One year on from the start of the conflict, the UK, US and EU have announced new sanctions on export bans regarding military components and equipment.
New sanctions proposed one year after Russian invasion of Ukraine
- Article
- 23 Feb 2023
European Commission President Ursula von der Leyen calls on EU countries to “tighten the screws on Russia” with a raft of proposed sanctions one year since the invasion of Ukraine by Russia.
Businesses must take action to weather geopolitical storms
- Article
- 23 Feb 2023
As the one-year anniversary of the war in Ukraine approaches, Chartered IIA is urging business leaders to prepare for further geopolitical incidents as global pressures rise.
New ban on provision of auditing services to Russia
- Article
- 15 Dec 2022
The government has extended regulations to prohibit the provision of auditing services to Russia, which comes into force on 16 December 2022.
Tax news in brief 30 November 2022
- Article
- 30 Nov 2022
Highlights from the broader tax news for the week ending 30 November 2022, including: registering a client for VAT as an agent; the latest advisory fuel rates; wet signatures not required for IHT100 forms; changes to IHT400 forms; ATED relief for “Homes for Ukraine”; and details of benefit and pension rates for 2023/24.
The accountant keeping firms on the right side of the law
- Article
- 19 Aug 2022
Five years working on the Robert Maxwell insolvency, an inquiry into payments transfers in the Premier League, and running KPMG’s forensic business in Russia have served Nigel Layton well, as he helps clients navigate complex supply chain due diligence.
What the Register of Overseas Entities means for accountants
- Article
- 16 Aug 2022
Part of the recently introduced Companies House reforms, the new Register is integral to the UK government’s response to the Russian invasion of Ukraine.
‘Persons connected with Russia’ – ICAEW seeks clarification
- Article
- 15 Aug 2022
Members and member firms have voiced concerns about the interpretation of recent legislation regarding prohibition of certain services and its practical effects.
Sanctions evolution may cause inadvertent breaches
- Article
- 01 Aug 2022
The ongoing evolution of sanctions across multiple jurisdictions and the complexity of global supply chains mean that organisations could unwittingly find themselves in breach of sanctions rules.
ICAEW regulatory round-up: July 2022
- Article
- 27 Jul 2022
This month’s update includes further information on upcoming changes to the disciplinary framework and the latest guidance on Russian sanctions. We speak to a small independent practice about how they’re using our latest training film All Too Familiar and invite you to a crypto assets webinar.
Prohibition on provision of accountancy services to Russia comes into force
- Article
- 21 Jul 2022
On 20 July 2022, the government laid new regulations in Parliament that will prohibit the provision of certain services, including ‘accountancy services’ and ‘management consultancy services’, to Russian companies.
How should accountants react to sanctions evasion proposals?
- Article
- 05 Jul 2022
Evading sanctions should be harmonised as a criminal offence across the entire EU, according to Brussels proposals. What does this mean for the accounting profession?
OECD: the heavy global price of Russia’s war against Ukraine
- Article
- 20 Jun 2022
Russia’s invasion of Ukraine immediately slowed the recovery from the COVID-19 pandemic and set the global economy on a course of lower growth and rising inflation.
Why do we need the Economic Crime Bill 2.0?
- Article
- 14 Jun 2022
The Economic Crime Act was brought in swiftly in order for the UK to respond effectively to Russia’s actions in Ukraine. The second Economic Crime Bill is on the way. Why is it necessary?
Major changes to government sanctions’ enforcement powers
- Article
- 14 Jun 2022
The Economic Crime Act gives the Office of Financial Sanctions Implementation more power to impose penalties.
ICAEW technical round-up: May 2022
- Article
- 30 May 2022
This month’s top technical stories include some R&D tax credits suspended by HMRC, why IR35 is fundamentally problematic and the tax and NIC treatment for displaced Ukraine employees relocating to the UK.
Ukraine crisis: tax and NIC treatment of employees relocating
- Article
- 10 May 2022
How do the rules operate for displaced employees and those relocating to the UK? ICAEW’s Tax Faculty provides a summary.
How UK businesses can offer work to Ukrainian refugees
- Article
- 09 May 2022
ICAEW advises businesses to follow new government guidance as they look to welcome Ukrainians displaced by the war into their workforces.
Amendments to Article 89 - Financial Sanctions and Insolvency Practitioners
- Article
- 05 May 2022
The Insolvency Service is aware of some individuals who may be subject to financial sanctions who are seeking to use both solvent and insolvent liquidations to circumvent the financial sanctions applied against Russia and Belarus. Read this update from the Insolvency Service for information about financial sanctions.
Government bans use of UK accountants by Russian businesses
- Article
- 04 May 2022
Russian businesses have been banned from using UK accountants and other professional services including management consulting and PR, in the latest raft of sanctions just announced by the UK government.
Why it pays to prepare for an economic crisis
- Article
- 04 May 2022
The Ukraine conflict highlights how unpredictable global risks can be. In this environment, it helps to plan for the worst. Abigail Harper suggests six key areas of focus.
EU Digital Services Act to make internet safer
- Article
- 03 May 2022
Beefing up of digital regulation enforces increased transparency on big tech companies and new emergency powers prompted by the Ukraine crisis.
UK zero rates tariffs in Ukraine trade support package
- Article
- 26 Apr 2022
Tariffs on all goods from Ukraine to the UK will be cut to zero as part of broad economic support to the people of Ukraine, including £1bn in loan guarantees.
Russian sanctions delay payment processing
- Article
- 26 Apr 2022
The fallout of sanctions on bank payments prompts concern that organisations with links – visible or otherwise – to Russia may experience problems.
Homes for Ukraine Scheme: payments not taxable
- Article
- 05 Apr 2022
The Government announces income tax, corporation tax and national insurance contributions exemptions alongside reliefs from the annual tax on enveloped dwellings and the 15% stamp duty land tax rate.
Sanctions on Russia make waves offshore
- Article
- 30 Mar 2022
Minimum threshold for company ownership is a potential Achilles’ heel as the evolving sanctions landscape is upping the ante on firms’ client verification processes.
ICAEW updates on the Ukraine Crisis: March 2022
- Article
- 29 Mar 2022
Following a raft of updates coming from the Ukraine crisis, ICAEW has rounded up the financial implications, law changes, and sanctions from the last month which accountants need to know.
ICAEW regulatory round-up: March 2022
- Article
- 29 Mar 2022
This month we provide guidance in response to the Ukraine crisis, explain how to access our new anti-money laundering training film, All Too Familiar, an update on how our new records management system may affect our usual processing times for regulatory applications and firm structure changes, and how to comply with investment business requirements. We are also seeking your views on proposed changes to ICAEW’s CPD Policy – this consultation is open until 18 May 2022.
Self assessment and Ukraine crisis fraud prompts warnings
- Article
- 28 Mar 2022
HMRC and the Charity Commission have both released guidance for avoiding self assessment scammers and bogus charities attempting to exploit the public.
Ukraine crisis: where does your auditor stand?
- Article
- 28 Mar 2022
Understanding your auditor’s Russian trading position is key to audit committees managing potential reputation and sanction risks, experts warn.
Ukraine crisis: the supply chain impacts
- Article
- 25 Mar 2022
The conflict in Ukraine has created a number of challenges for manufacturers, from rising prices and availability of raw materials to keeping abreast of the latest sanctions.
Ukraine crisis: the impact on group auditors
- Article
- 24 Mar 2022
UK group auditors with overseas component auditors face several challenges and issues in light of the Ukraine conflict.
Ukraine crisis highlights need for scenario planning
- Article
- 24 Mar 2022
Uncertainty in business is rife – no more so than at the moment. But having formalised risk management processes in place allow you to better respond to changing circumstances.
Spring Statement: An overview of tax measures from ICAEW’s Tax Faculty
- Article
- 23 Mar 2022
Chancellor Rishi Sunak delivered his Spring Statement 2022 against a backdrop of war in Ukraine. Aside from the terrible human cost, the war is now also exacerbating a cost of living crisis. Frank Haskew, ICAEW’s Head of Taxation Strategy, summarises the Spring Statement announcements and their potential impact
Ukraine crisis: how firms need to react
- Article
- 22 Mar 2022
BDO’s Angela Foyle discusses the challenges that Russian sanctions pose for firms, the impacts of the Economic Crime Act, and forthcoming Companies House reform.
Ukraine crisis: implications for charities
- Article
- 21 Mar 2022
Millions of people are being displaced because of the war in Ukraine and charities are playing an important role to get help to the people who need it. Because of the fast-moving situation, this article aims to signpost you to information on the Charity Commission website and ICAEW’s own resources which will be continuously updated.
Audit guidance in response to the Ukraine crisis
- Article
- 17 Mar 2022
No one can fail to be appalled by the actions of the Russian Government and the awful situation for Ukraine and its people. Although insignificant in comparison, many ICAEW regulated audit firms will face some challenges and difficult decisions as a result.
Sanctions moving the goalposts on football governance
- Article
- 17 Mar 2022
While the world watches with alarm as war rages in Ukraine, the shockwaves from sanctions imposed against Russia are being felt on home turf by football’s Premier League.
Ukraine crisis: the economists’ view
- Article
- 16 Mar 2022
Four economists give their views on the conflict in Ukraine, Russian sanctions, and how the world’s economy will be affected in the longer term.
ICAEW supports passing of Economic Crime Act
- Article
- 15 Mar 2022
On 14 March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 became law, following substantial amendments made by the House of Lords. Here’s a summary of what it changes.
War in Ukraine: the auditing implications
- Article
- 15 Mar 2022
The tragic circumstances in Ukraine mean that for many, there are much more important issues at hand and the possibility of ‘business as usual’ is not realistic, including carrying out audits.
War in Ukraine: the corporate reporting implications
- Article
- 15 Mar 2022
ICAEW issues guidance after the Financial Reporting Faculty warns that the economic knock-on effects could be felt widely by business.
Displaying 1-50 of 68 results