News for December, 2014

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December 24, 2014

Funding Doubled for Office of Data Protection Commissioner

The Minister for European Affairs and Data Protection, Dara Murphy, announced  a 100 per cent increase in funding for the Office of the Data Protection Commissioner.

December 22, 2014

Dormant Accounts to fund Youth Justice Programmes

The Minister for Justice and Equality, Frances Fitzgerald, announced the diversion of funds from the Dormant Accounts Disbursement Scheme to the Irish Youth Justice Service Community Programmes.

December 19, 2014

CASE SUMMARY: Doyle v Dunne

Judgment delivered by Laffoy J, Supreme Court, on 20 November 2014  Civil Liability Act, s 7 – survival of cause of action – death of claimant  – appeal process underway – special damages . 

December 18, 2014

Comments sought on proposed amendments to IAS 7

An exposure draft containing proposed amendments to IAS 7, Statement of Cash Flows, has been published by the IASB.

December 18, 2014

Further improvements to effectiveness of disclosure in financial reporting made

Amendments to IAS 1, Presentation of Financial Statements have been issued by the IASB as part of its major initiative to improve presentation and disclosure in financial reports.

December 18, 2014

Consultation mounted on impact of EU Audit Directive and Regulation on auditing and ethical standards

A consultation has been issued on options for amending the FRC’s framework of auditing and ethical standards for auditors to give effect to the EU Audit Directive and Regulation.

December 16, 2014

EU VAT changes from January 1, 2015

The VAT threshold of £81,000 is being removed from online businesses as a result of EU VAT legislation that will come into effect on January 1, 2015.

December 16, 2014

FCA announces consultation of ‘independent’ and ‘restricted’ advice labels

Following the first post-implementation of the retail distribution review (RDR) the FCA has said that whilst the RDR is “on track” it will consult on whether there are better ways to improve consumer understanding of advice, in particular ‘independent’ and ‘restricted’ advice.

December 12, 2014

Changes being made to rules governing company and business names

New regulations are due to come into force from 31 January 2015 governing the choice of company and business names.

December 12, 2014

CJEU: Data Protection Directive applies to Home Video Surveillance of Public Road

Ryneš Case C-212/13 This was a preliminary reference from a court of the Czech Republic concerning the interpretation of the Data Protection Directive (95/46/EC). The applicant had a surveillance camera on the family home directed at the public pavement as the home had been subjected to a number of attacks by unknown assailants.

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