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Public Sector Financial Reporting Insights

Insights and articles relating to Public Sector Financial Reporting.

ICAEW technical round-up: August 2023

This month’s top stories include HMRC’s extension to the trial for responding to old post; draft legislation released which prompts taxpayers to provide more information to HMRC; and the latest figures on HMRC caller waiting times.

Spotlight on local audit also shines on the accounts

Alison Ring, ICAEW Director Public Sector and Taxation, says we must take a once-in-a-generation opportunity to fix long-standing underlying problems with the way local government financial statements are used.

Chart of the week: Whole of Government Accounts 2020/21

Our chart looks at the £3.3trn of net liabilities presented in the UK government’s consolidated financial statements for the year ended 31 March 2021 that were finally published more than 27 months after the balance sheet date.

ICAEW technical round-up: July 2023

This month’s top stories include HMRC’s customer service performance falling short; updated guidance for when taxpayers can rely on HMRC; plus a raft of announcements from Legislation Day on R&D, pensions and more.

ICAEW publishes its vision for local audit

In response to the crisis in financial reporting and audit in local authorities in England, ICAEW argues that urgent action is needed to bring confidence to the finances of local public bodies.

ICAEW technical round-up: December 2022

This month’s top technical stories include a list of tax returns that cannot be filed online, HMRC’s mandated format of claims for income tax relief on employment expenses, and ICAEW’s MTDtalk on 20 December.

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