Ideas and insights

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IFRS 16 - Leases. It’s all on balance sheet, isn’t it?
Andy Ka

24 January 2020

The conversion to IFRS 16 – Leases can cause unanticipated problems in relation to discount rates, hidden/embedded Leases, and transition disclosures. Our workshops found it is more complex than most initially expected.

Unreasonable excuses for late filings?

24 January 2020

The 31 January tax return deadline is coming soon. If you are due to complete a return, please bear in mind that a late return can produce painful results – regardless of the outlandish excuses provided to HMRC.

Brexit bill brings more uncertainty for VAT and customs duty

24 January 2020

The new European Union (Withdrawal Agreement) Bill changes the Brexit picture for VAT and customs duty yet again. Businesses should keep up preparations for a departure on 31 December 2020.

Tax Voice - January 2020

24 January 2020

This month’s Tax Voice looks at the potential for bargaining over the UK’s digital services tax with the US, the cost of sharing property with the bank of mum and dad, and at some of the most outlandish excuses given to HMRC for late tax filings.

The cost of sharing

24 January 2020

What are the tax considerations of buying a property with the support from ‘the bank of mum and dad’. In these cases, it’s easy to miss the complexities of the tax system and accidentally get things wrong.

Hybrid legislation - latest developments

24 January 2020

UK hybrid mismatch rules have been in place since 1 January 2017. While highly complex, they aim to neutralise the effect of tax mismatch arrangements most commonly seen in cross-border scenarios.

Digital services tax - a bargaining chip?

24 January 2020

Will the digital services tax still be brought into legislation, as proposed, in April 2020, particularly in light of the intended trade deal the UK is yet to start negotiating with the United States?

2020: predictions for the Renewables sector
Sheena McGuinness

23 January 2020

Sheena McGuinness, tax partner, looks ahead to what 2020 has in store for the energy and renewables sector.

Areas to note from FRC’s review of corporate reporting
Louise Ward

21 January 2020

Summary of Financial Reporting Council (FRC)’s Annual Review of Corporate Reporting which provides advice for companies preparing their 2019/20 report and accounts under IFRS.

Manufacturing growth - Gaining access to finance
Mike Thornton

21 January 2020

A large number of manufacturers don’t have the finance they need to invest. The practical recommendations in this report will help those businesses access the cash they need for investment and growth – paving the way for a more successful future.