Spring Budget Summary 2024
We wanted to share some exciting news with you about Chancellor Jeremy Hunt’s Spring Budget announcement yesterday. He’s calling it a “long-term growth plan” promising ‘more jobs, more investment, and lower taxes’ – sounds promising, right? During his speech in the House of Commons, he unveiled a bunch of measures aimed at giving a boost […]
Autumn Statement 2023
Mind your headroom In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over a year after the tax cuts announced by Kwasi Kwarteng were judged imprudent by the international markets, contributing to a fall in the value of sterling and increases […]
CIMA’s response to HM Treasury Consultation on AML Supervision
The Chartered Institute of Management Accountants (CIMA) is a professional regulatory body in the UK that oversees and regulates over 1,600 practicing members. These members include sole practitioners as well as principals of firms in regulated sectors. The CIMA welcomes the opportunity to contribute to the HM Treasury consultation on reform of the UK Anti-Money […]
Smarter regulation non-financial reporting review: call for evidence
The Department for Business and Trade (DBT), working with the Financial Reporting Council (FRC), the UK regulator for corporate reporting, is conducting a review of the non-financial reporting requirements UK companies need to comply with to produce their annual report. Read More
AICPA & CIMA to sponsor inaugural IFRS Sustainability Symposium
AICPA & CIMA, which together form the Association of International Certified Professional Accountants, will be key sponsors of the first IFRS Sustainability Symposium, which will be held later this month in Montréal. 17 February event will mark progress on global standards related to sustainability disclosures for investors. Read More
Employment Law Changes Under New PM
I’m sure we are all wondering what changes to employment law there might be under the new Prime Minister? It has been mentioned that Liz Truss has some plans relating to trade unions and industrial action. Like any new leader, Liz Truss will no doubt cement her premiership with a raft of new policies which […]
Sanctions against Deloitte LLP and John Charlton
The Executive Counsel of the FRC has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Deloitte LLP and John Charlton, Audit Engagement Partner in relation to the statutory audit of the financial statements of Mitie Group Plc for the financial year ended 31 March 2016. Read More Here
Starting Up In Business
It is the ambition of many people to run their own business. Some may have been made redundant and find themselves with free time and financial resources. Others make the decision to start up in business to be more independent and obtain the full financial reward for their efforts. In order to make your business […]
BUDGET SUMMARY SPRING 2021/22
A delicate balance The Chancellor had a difficult task in this Budget: to indicate how he might balance the Government’s books in the future, while still having to pay out huge sums to support the economy. He said that he would continue to provide ‘whatever it takes’ to protect businesses and jobs during the present […]
National Risk Assessment of Money Laundering & Terrorist Financing 2020
HM Treasury and the Home Office published the UK’s third national risk assessment just before Christmas. The previous risk assessment was published in 2017. The report identifies that the accountancy services considered most at risk of exploitation continue to be company formation and termination, mainstream accounting and payroll. It also includes examples of how such […]