Guides & Publications
UK GAAP is dead! Long live UK GAAP! UK financial reporting is going through fundamental change that will have a significant effect on the accounts of most UK companies. In this first of a series of Factsheets that we will... Read more
UK GAAP is dead! Long live UK GAAP!
UK financial reporting is going through fundamental change that will have a significant effect on the accounts of most UK companies.
In this first of a series of Factsheets that we will publish over the coming months, we provide an overview of the reporting framework for UK company accounts that will apply for accounting periods beginning on or after 01 January 2015 and, for many, 01 January 2016.
More & Other Musings
View all related contentArticles27 Oct 2023
Significant changes to the UK's corporation tax rates came into effect from 1 April 2023, and it's essential for businesses to understand the implications, especially if they are associated with other companies.
Articles26 Jul 2023
Simplifying the UK tax code has been a topic of debate among politicians, economists, and tax professionals. Advocates argue that it can lead to better administrative efficiency, higher compliance rates, and economic growth. On the other hand, detractors raise concerns... Read more
Articles14 Apr 2023
With basis period reform now underway, HMRC is looking at further tax simplification for sole traders and partnerships by increasing the cash basis turnover threshold. The cash basis scheme removes complexities such as accruals and most capital allowances. The cash... Read more
Articles12 Apr 2023
More than 12 million taxpayers file self-assessment tax returns, but less than 3% do so using a paper return. Given this low demand, HMRC is reviewing the current paper filing service. HMRC stopped sending out paper tax returns three years... Read more
Guides & Publications5 Jan 2017
The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (SI 2015/980) introduced significant changes to UK company law, particularly the small companies’ regime. These include: new criteria for qualifying as a small company changes to the information required in... Read more