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.ICAEW expresses disappointment at missed opportunity for reforms to Key Audit Partner eligibility guidance to enable broader access for audit firms to the NHS and local authority audit markets.
In the UK, insolvencies are already at a 60-year high. But how widespread is the problem and will it increase? Could trigger a wave of insolvencies present a systemic risk?
What can decades of inflation data tell us about the current economic situation? ICAEW’s interactive graphic sheds light on the likely outlook.
Companies or partnerships can be found guilty of a criminal charge, where someone associated with that business has facilitated tax evasion, and where they have not done enough to prevent this from occurring.
Highlights from the broader tax news for the week ending 6 July 2022, including: L-Day; tax credit renewals; ID for government gateway; HMRC survey on forms; residence indicator tool; CHIEF closed to new importers; and an updated partial exemption toolkit.
In its response to HM Treasury’s policy paper on options for reforming plant and machinery allowances, ICAEW’s Tax Faculty sets out ideas to make the regime more targeted and to help the government meet its other policy objectives.
Sharp declines in animal and plant species are threatening financial ruin for 26 countries, according to nature-focused sovereign debt study.
HMRC’s response to ICAEW and other professional bodies points to improvements made, albeit from a very low baseline. The performance dashboard is now live and confirms that there are continuing delays in dealing with correspondence.
Further to an April Environmental Audit Committee report, the government confirmed on 16 May that it would consult on implementing a domestic carbon border adjustment mechanism to address carbon leakage.
Draft notices cover: the use of functional compatible software, information required in quarterly updates, information required in end of period statements, and retail sales elections.