ICAEW.com works better with JavaScript enabled.

Retail Community

Stay up to date with the latest developments in the retail industry. This community is for finance professionals working in, or advising clients in, either the physical or online retail sector.

Support on

Coronavirus resources

Financial reporting

Accounting for leases (IFRS 16)

IFRS 16 Leases

IFRS 16 prescribes a single lessee accounting model that requires the recognition of asset and corresponding liability for most leases.

IFRS 16

The publication of IFRS 16 Leases has been demystified with the creation of an ICAEW guide.

Accounting of inventories (IAS 2)

IAS 2

The accounting standard IAS 2 sets out the accounting treatment for inventories and provides guidance on determining their cost.

IAS plus on IAS 2 - Inventories

Overview of IAS 2 provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

Stock accounting valuation

Discussion on establishing a basis for estimating stock for the purposes of monthly management accounts.

Revenue recognition (IFRS 15)

Payments and the supply chain

Payments

Retail payment systems and payment costs

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

Accounting for cryptocurrencies under FRS 102

The purpose of this technical helpsheet is to consider both the potential accounting treatments under FRS 102 and the presentation of cryptocurrencies within the financial statements. It should be noted that this is an emerging area and practice will no doubt evolve over time.

The future of cryptocurrencies

Proponents of cryptocurrency describe it as the future of payments. But, says Paul Golden, a number of important issues remain to be addressed before digital virtual currencies are fully embrace

Insolvency and restructuring

Insolvency

ICAEW is the largest insolvency regulator in the UK. We offer the opportunity for ICAEW Chartered Accountants and non-ICAEW members to qualify and be licensed as insolvency practitioners with us. We also offer a comprehensive programme of support for our current and future insolvency practitioners including membership to our Restructuring & Insolvency Community.

Company Voluntary Arrangements: An effective tool for business rescue?

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.

Tax

Business rates

Reforming property taxes for business – what are the options?

Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.

VAT

VAT

Expert commentary and practical guidance from ICAEW related to VAT under the UK tax regime.

MTD and VAT

The first stage of HMRC's Making Tax Digital (MTD) programme focuses on VAT and imposes new requirements keeping on some VAT registered businesses and organisations from April 2019.

VAT Clothing

HMRC internal manual on determining the liability of supplies of clothing and footwear as written in Group 16, Schedule 8, VATA 1994. The guidance was produced for HMRC staff and 'should not be relied upon by businesses when calculating their taxes and/or duties'.

Industry press, eBooks, business guides and case law

The 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

 

Retailers go social to influence generation Z

Younger shoppers all use social media, so how are retailers using influencers to reach them?

Britain's few thriving shops offer tips for surviving retail apocalypse

Top executives from Next, Primark, Hotel Chocolat, Greggs and Joules explain their survival on the UK high street.

Making scents: Inside retailer Lush's store strategy

An interview with Lush's global property director, Paul Wheatley. The brand has 928 shops across 48 countries.

What Primark is getting right, in 4 minutes

Three lessons retailers can learn from Primark's successful bricks-and-mortar expansion.

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.

The 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

Building a narrative

This chapter explains how to build a persuasive business story, with case studies from Uber, Ferrari, Amazon and Alibaba.

Big data in practice: how 45 successful companies used big data analytics to deliver extraordinary results

Offers an in-depth insight into how specific companies use big data.

Reliefs from import duty

This chapter covers the schemes which offer goods relief from EU customs duty.

Inscrutable shopper: consumer resistance in retail, The

Consumer behaviour from a US perspective.

Store design and visual merchandising: creating store space that encourages buying

Store design optimisation from a US perspective.

Consumer behavior: women and shopping

A study of the women's retail market in the USA.

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.

Business Opportunity Profiles

ICAEW members and ACA students have free online access to a selection of guides from the Complete Business Resource Advisor (COBRA) database covering a variety of small business sectors.

 

Baby Equipment Retailer

Profile of the current trading, legal and market issues for baby equipment retailers from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Barber Shop

Profile of the current trading, legal and market issues for barber shops/male grooming salons from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Bike Shop

Profile of the current trading, legal and market issues for bike shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Café

Profile of the current trading, legal and market issues for Cafés from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Coffee Shop

Profile of the current trading, legal and market issues for coffee shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Computer Shop

Profile of the current trading, legal and market issues for computer shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Farm Shop

Profile of the current trading, legal and market issues for farm shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Fast Food Takeaway

Profile of the current trading, legal and market issues for fast food takeaway from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Terms of use: Access to Business Opportunity Profiles is provided subject to suppliers’ terms of use.

Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business

Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.

Raising finance

Events and training

Retail webinar (recorded)

Shifts in shopping trends and new technologies are disrupting the retail market as we know it.