IFRS 16 Leases comes into effect from 1 January 2019. As the standard will bring about wide-reaching changes to the way businesses account for leases, we highlight what you need to know below.

MіFID II hаѕ reopened the ARM vs NCA dеbаtе. Hоwеvеr, the question hаѕ become more соmрlеx owing to an іnсrеаѕе in the іnfоrmаtіоn required fоr MiFID II rероrtѕ, with аvаіlаblе fіеldѕ jumріng frоm 24 to 65.

eXtensible Business Reporting Language, or XBRL for short, is an XML-based global data standard that has changed the way that organizations share.

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (the new UK GAAP) becomes mandatorily effective for accounting periods commencing on or after 1 January 2015 for entities who are not eligible, or choose not to apply the FRSSE or the micro-entities legislation in their financial statements (earlier adoption of the standard is permissible).

The tax authority HM Revenue & Customs (HMRC) has invited more than half a million businesses to test Making Tax Digital (MTD) for VAT moving forward to the digitisation of tax which will be effective from April 2019. HMRC has released a new statement on 16th Oct 2018 relating to MTD for VAT filers.

Originally announced back in 2015, Making Tax Digital aims to digitise the UK’s taxation system through the use of digital records and online filing through compatible software. With just months to go before the launch of Making Tax Digital for VAT, find out if your business is prepared.