Displaying 1-50 of 93 results
INSIGHTS VIEWPOINT
How to overcome the digital euro challenge
- 15 Apr 2024
- ICAEW Insights
As the digital revolution continues apace, plans for a digital euro offer significant benefits for society. Meglena Grueva looks at the journey from theory to practice.
INSIGHTS VIEWPOINT
Cryptoassets: new ICAEW guidance and government consultation
- 11 Mar 2024
- ICAEW Insights
ICAEW’s Tax Faculty has published two TAXguides on the taxation of cryptocurrency. The government is consulting on the implementation of the Cryptoasset Reporting Framework.
INSIGHTS VIEWPOINT
FASB issues crypto asset standard
- 23 Jan 2024
- ICAEW Insights
New requirements will create a divergence from the current requirements of IFRS Accounting Standards and UK GAAP.
Exclusive
Maintaining stability in the era of stablecoins
- 16 Jan 2024
- ICAEW Financial Services Faculty
Stablecoins emerge as a prospective form of future money, offering a plausible alternative to traditional fiat paper money and commercial bank deposits.
TAX NEWS
Self assessment tax returns for cryptoasset holders
- 09 Jan 2024
- ICAEW
Individuals who received, sold or exchanged cryptoassets may be subject to income tax or capital gains tax (CGT) that should be reported on a self assessment tax return, due by 31 January 2024.
Tax news in brief 13 December 2023
- 13 Dec 2023
Highlights from the broader tax news for the week ending 13 December 2023, including: HMRC’s PAYE and NIC calculator; crypto educational emails; feedback on HMRC’s Annual Report and Accounts; and the ABAB annual report.
TAX NEWS
Disclosing historic cryptoasset tax liabilities
- 01 Dec 2023
- ICAEW
HMRC has launched a new service for taxpayers to voluntarily disclose any unpaid tax on cryptoassets, such as exchange tokens, non-fungible tokens, and utility tokens.
Exclusive
Regulatory Update October 2023
- 16 Nov 2023
- ICAEW Financial Services Faculty
The following is a list of some regulatory publications or announcements from October 2023 affecting UK financial services.
TAX NEWS
UK to join Crypto-Asset Reporting Framework
- 14 Nov 2023
- ICAEW
The UK government has released a joint statement, along with 47 other countries, to implement new transparency and information sharing requirements in respect of crypto-asset platforms by 2027.
INSIGHTS VIEWPOINT
Blockchain can ensure trust in financial services
- 13 Nov 2023
- ICAEW Insights
Enhanced trust, efficiency and security in financial markets make blockchain a promising innovation for the future of trading and asset management.
Tax news in brief 25 October 2023
- 25 Oct 2023
Highlights from the broader tax news for the week ending 25 October 2023, including: delayed removal of functionality to copy across existing clients to ASA; update on the income record viewer; HMRC’s pay by bank service; increased transparency for crypto-assets; and corporation tax loss carry-back claims.
Exclusive
Using tokenisation within exchange, clearing and settlement
- 20 Oct 2023
- ICAEW, Financial Services Faculty
Enhanced trust, efficiency and security in financial markets make blockchain a promising innovation for the future of trading and asset management.
INSIGHTS VIEWPOINT
ICAEW responds to proposals for digital pound
- 04 Sep 2023
- ICAEW Insights
Following Bank of England and HM Treasury’s consultation on proposals for a retail central bank digital currency, or digital pound, Reuben Wales, ICAEW’s Head of Financial Services, outlines ICAEW’s key recommendations.
INSIGHTS VIEWPOINT
INSIGHTS SPECIAL
Crypto assets: to regulate or not to regulate?
- 29 Aug 2023
- ICAEW Insights
Around 2.3 million UK adults hold crypto assets and yet it’s a largely unregulated sector. However, high-profile failures due to poor controls, market abuse and fraud mean interest in crypto-asset regulation is growing.
Exclusive
UK proposals on retail central bank digital currency (CBDC)
- 14 Aug 2023
- Reuben Wales, ICAEW Financial Services Faculty
Following Bank of England and HM Treasury’s consultation on proposals for a digital pound, Reuben Wales, ICAEW’s Head of Financial Services, outlines our key recommendations as proposals are taken forward.
INSIGHTS VIEWPOINT
Cryptoassets and the case for regulation
- 14 Jul 2023
- ICAEW Insights
Crypto regulation needs to focus on risk mitigation and developing trust in the market to encourage a virtuous cycle of adoption, investment and technological development that generates real value, argues Reuben Wales, Head of Financial Services at ICAEW.
INSIGHTS VIEWPOINT
Cryptoassets: are they worth the risk?
- 27 Jun 2023
- ICAEW Insights
There are many considerations to bear in mind when investing in cryptoassets, so how do they stack up against more traditional investments?
Exclusive
Cryptoassets and making the case for regulation
- 20 Jun 2023
- Reuben Wales: Financial Services Faculty, ICAEW
Regulating new forms of technology is never easy. If they are being developed within financial services, the ask is even greater.
What digital tools are auditors adopting?
- 06 Jun 2023
- ICAEW
New tools are transforming the audit process. We take a look at what’s popular and what tools could soon be deployed in auditing.
TAX NEWS
EU Council reaches agreement on exchange of information for crypto assets and advance tax rulings for high-net-worth individuals
- 26 May 2023
- ICAEW
The unanimous agreement paves the way for greater co-operation between member states to reduce opportunities for tax avoidance and tax fraud using crypto assets, by amending the directive on administrative co-operation in the area of taxation (DAC).
INSIGHTS VIEWPOINT
Digital currencies: to programme or not to programme?
- 17 May 2023
- ICAEW Insights
As cryptocurrencies and blockchain technology continue to make waves in the financial services sector, central banks have begun to explore the idea of digital currencies.
Exclusive
Regulatory update February 2023
- 28 Mar 2023
The following is a list of some regulatory publications or announcements from February 2023 affecting UK financial services.
INSIGHTS VIEWPOINT
Treasury and Bank of England release digital pound proposals
- 16 Feb 2023
- ICAEW Insights
A consultation examines the assessment case for a central bank digital currency, which could have profound implications for consumers, businesses, banks and payment providers within the UK.
INSIGHTS VIEWPOINT
Treasury sets out plans to regulate crypto
- 01 Feb 2023
- ICAEW Insights
ICAEW welcomes government plans to regulate crypto asset activities as an open consultation is launched seeking views on improving market integrity and consumer protection.
INSIGHTS VIEWPOINT
How cyber secure is blockchain technology?
- 27 Oct 2022
- ICAEW Insights
Ask about blockchain technology and you will most likely hear of its security benefits, particularly in creating tamper-proof and immutable records. But how secure is it? ICAEW’s Head of Tech Policy, Esther Mallowah, explores the question of blockchain security.
TAX NEWS
ICAEW calls for UK crypto asset tax reform
- 20 Sep 2022
- ICAEW
ICAEW highlights the difficulties taxpayers face in applying the current tax regime to crypto asset activity. It makes the case for a brand-new set of rules to apply in this area.
INSIGHTS VIEWPOINT
How do we audit cryptocurrency?
- 12 Sep 2022
- ICAEW Insights
Cryptocurrencies are still a bit of an unknown entity when it comes to audit and assurance. What considerations do auditors need to take on board?
INSIGHTS VIEWPOINT
How can blockchain technology build trust?
- 19 Aug 2022
- ICAEW Insights
Usually associated with cryptocurrency transactions, blockchain has a wealth of potential for many business activities, particularly in building trust. So why aren’t firms adopting it more?
INSIGHTS VIEWPOINT
REGULATORY ROUND-UP
ICAEW regulatory round-up: July 2022
- 27 Jul 2022
- ICAEW Insights
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.
Exclusive
Increasing regulatory focus on prudential treatment of cryptoassets
- 25 Jul 2022
- Michelle Adcock, banking sector lead and Bronwyn Allan, assistant manager, KPMG Regulatory Insight Centre
Michelle Adcock, banking sector lead and Bronwyn Allan, assistant manager, KPMG Regulatory Insight Centre look at how crypto regulation is developing.
INSIGHTS VIEWPOINT
The outlook for crypto in a jittery market
- 13 Jul 2022
- ICAEW Insights
What do recent crashes to the cryptocurrency market mean for the future of crypto assets? Ross Thompson, Accountancy and Finance Lecturer at Arden University reports.
TAX NEWS
HMRC consults on taxation of lending and staking of cryptoassets
- 12 Jul 2022
- ICAEW
HMRC contemplates changes to the taxation of DeFi lending or staking so that the tax treatment reflects their economic substance.
INSIGHTS VIEWPOINT
Should accountants worry about cryptocurrencies?
- 04 Apr 2022
- ICAEW Insights
Cryptocurrencies are on the rise – but are they friends or foes for accountants? We present complementary views from business and scholarly perspectives.
TAX NEWS
OECD consults on exchanging information about crypto assets
- 01 Apr 2022
- ICAEW
The OECD released a public consultation document looking at two areas to improve the automatic exchange of financial account information between the tax authorities of different jurisdictions.
Exclusive
Regulating the unregulated: How the FCA plans to clamp down on cryptocurrency advertising
- 18 Feb 2022
- Financial Services Faculty
The FCA has found a way to control how cryptocurrencies reach consumers.
Cryptocurrency and taxation
- 09 Dec 2021
- ICAEW
The increased interest in Cryptocurrency raises many interesting tax issues for professional and amateur investors investing in cryptocurrency and cryptocurrency entrepreneurs creating new crypto businesses. This article outlines the significant tax issues a tax professional may encounter in relation to cryptocurrency.
INSIGHTS VIEWPOINT
Countries looking to ban cryptocurrencies may play into the hands of Bitcoin
- 06 Dec 2021
- ICAEW Insights
Fintech academic and chartered accountant Gavin Brown examines nation states’ love-hate relationship with cryptocurrencies and outlines how attempts to control them may drive citizens into the arms of such decentralised currencies.
Exclusive
Choosing the best cloud accounting apps for your business
- 03 Dec 2021
- Brian Cantwell
- Chartech
Many apps are now accessible through the cloud for accountancy businesses and individual practitioners, but what makes them click? Brian Cantwell explores the right tools for the job.
Exclusive
The implications of digital assets for the accountancy profession
- 02 Dec 2021
- Audit and Assurance Faculty
- Audit and Beyond
Accountants are increasingly encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, says Lesley Meall.
TAX NEWS
UK cryptocurrency owners nudged on CGT
- 08 Nov 2021
HMRC has sent letters encouraging holders of cryptoassets, such as Bitcoin, to consider their capital gains tax position, but stops short of sending them to non-UK domiciled individuals.
Cryptoassets and auditing
- 30 Sep 2021
- David Lyford-Tilley
- Chartech
While cryptoassets are growing in popularity, there is a lack of specific guidance on dealing with the issues around them, including over-reliance on blockchains, ownership of cryptowallets and even criminal dealing.
Exclusive
Bitcoin the financial reporting challenge for investors
- 07 Jul 2021
- Steve Cooper
- By All Accounts
Why the accounting for cryptocurriencies isn't helping investors and is it time for standard-setters to act?
Exclusive
Crypto investor brands most NFTs worthless after bubble begins to deflate
- 18 Jun 2021
- Billy Bambrough
- FS Focus
Bitcoin and cryptocurrency prices have been on a roller coaster over recent months, surging to never-before-seen highs before crashing back.
INSIGHTS VIEWPOINT
Cryptocurrency: accountants look beyond the horizon
- 10 Jun 2021
- Gavin Brown
Fintech academic and chartered accountant Gavin Brown examines the advancements of the volatile crypto market and outlines what may lie in wait for accountants managing such decentralised currencies.
Exclusive
Is crypto now inevitable
- 24 May 2021
- Billy Bambrough
- FS Focus
Bitcoin has drawn mainstream financial interest, but will it establish itself as a legitimate asset class, asks Billy Bambrough.
INSIGHTS VIEWPOINT
What happened to Tesla’s bitcoin billions?
- 30 Apr 2021
- Gavin Brown
Fintech academic and chartered accountant Gavin Brown examines the impact of Tesla’s decision to hold bitcoin as a treasury asset on its balance sheet, both for the company itself and the wider cryptocurrency market.
Exclusive
Blockchain trends
- 03 Mar 2021
- Alexis Nicolau
- Audit and Beyond
Blockchain technology offers continuous, real-time accounting, makes fraud more difficult and will be a valuable tool for all stakeholders. Alexis Nicolau argues its importance for the audit profession and its future.
Exclusive
Can bitcoin make it as a mass-market digital payment
- 21 Jan 2021
- Billy Bambrough
- FS Focus
Writing for the Financial Services Faculty, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.
INSIGHTS VIEWPOINT
Don’t bank on bitcoin for payments yet
- 13 Jan 2021
- Billy Bambrough
14 January 2021: Writing for the Technology and Financial Services Faculties, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.
Exclusive
Blockchain moves into the mainstream
- 02 Dec 2020
- Lesley Meall
- Chartech
Blockchain often tops the rankings of website faculty hits, so what’s going on? Lesley Meall explores some recent developments, trends and challenges.
Displaying 1-50 of 93 results