News for February, 2015

February 27, 2015

Amendments made to FRS 102 relating to pension obligations

The FRC has issued Amendments to FRS 102 – Pension obligations to clarify aspects of the accounting for defined benefit pension plans by UK and Irish entities.

February 19, 2015

Consultation published on amendments to UK and Irish GAAP

The FRC has issued its proposals to amend UK and Irish accounting standards following publication of the government’s decision on the UK implementation of the EU Accounting Directive.

February 12, 2015

Proposals aim to clarify way in which liabilities are classified

An exposure draft of proposed amendments to IAS 1, Presentation of Financial Statements to clarify the criteria for the classification of a liability as either current or non-current has been published by the IASB.

February 4, 2015

Companies Act 2014 in Company Law service

The full text of Companies Act 2014 and Bloomsbury Professional's Guide to The Companies Act 2014 are now live for subscribers to the Company Law service.

February 4, 2015

One Month in a Minute: January 2015

Sarah Laing summarizes recent developments in UK tax.

February 3, 2015

VAT news and cases roundup: January 2015

Andrew Needham comments on recent VAT developments

February 3, 2015

Courts and Tribunals: January 2015

Julian Harris summarises selected recent decisions.

February 3, 2015

Tax enquiries: Closure notices – a one way street?

Each year seems to bring new HM Revenue and Customs (HMRC) powers, and 2015 looks like being no different. It was announced in the Chancellor’s Autumn Statement 2014 that the government would be consulting on a proposal to introduce a new power, enabling HMRC to achieve early resolution and closure of one or more aspects of a tax enquiry whilst leaving other aspects open. HMRC published the consultation document Tax Enquiries: Closure Rules on 18 December 2014. Mark McLaughlin looks into the details.

February 2, 2015

How the reduced disclosure requirements in the EU Accounting Directive will be implemented

The government has explained how the reduced disclosure requirements in the EU Accounting Directive will be implemented in its published response to last year’s consultation.

February 1, 2015

Current tax consultations as at 1 February 2015

Open and recently closed tax consultations are summarised by Julian Harris.