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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. The full community offering will be available in early 2019, but you can see a preview of the content below.


Business rates

How do business rates work?

Business rates are a major tax on business, but might be overlooked by accountants. They are excluded from the tax expense shown in accounts and might not be considered as part of tax planning. Find out more about the current UK business rates regime, including how rates are calculated and why is it hard to know exactly what a business owes.

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.

Financial reporting

Accounting for leases (IFRS 16)


The accounting standard IFRS 16 sets out the principles that both lessees and lessors apply to provide relevant information about leases.

IFRS 16 Leases

IFRS 16 Leases prescribes a single lessee accounting model that requires the recognition of asset and corresponding liability for all leases with terms over 12 months unless the underlying asset is of low value. Lessors continue to apply a two-model approach.


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

Revenue recognition (IFRS 15)


The accounting standard IFRS 15 sets out the requirements for recognising revenue that apply to contracts with customers, except for those covered by standards on leases, insurance contracts and financial instruments.


Developing your portfolio career

Come and join us at the Launch event for the Independent Advisers & Consultants Community, an evening seminar to gain practical tips on what portfolio working entails. Taking place from 6pm on the evening of 20 February 2019 at ICAEW's Chartered Accountants' Hall in London you will find out about popular portfolio roles for chartered accountants such as NED and consultancy FD roles as well as having a chance to pose your own questions to the speakers during a panel Q&A.

Raising finance

Insolvency and restructuring

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.