New UK GAAP
In 2015, alterations were made to accounting standards for all UK companies, other than for those applying International Financial Reporting Standards (IFRS) or the Financial Reporting Standard for Smaller Entities (FRSSE). The New UK GAAP consists of three new standards: FRS100, FRS101 and FRS 102.
These changes could have commercial implications for many entities, such as the ability to pay dividends or to measure performance against financial covenants under lending agreements.
UNW’s audit and assurance team provides the assistance to ensure you are aware of available options and prepared for the standard changes. We also take a collaborative approach, working with our client base to produce an impact analysis, highlighting the key accounting changes and presentational disclosures, as well as helping you consider any wider commercial impact.
What is the background? HMRC undertake reviews to ensure employers are complying with their tax and National Insurance (NI) obligations.
Due to the ongoing issues relating to the coronavirus pandemic and its impact, HMRC has announced that it will waive
At the end of May 2021, HMRC issued its Revenue and Customs Brief 7 detailing the policy pertaining to reclaiming
The government has announced today (21 December 2021) additional economic support to help businesses who have been most impacted by