FRED 78 proposes that requirements originally introduced into FRS 102 and FRS 105 in October 2020 apply to rent concessions that reduce only lease payments originally due on or before 30 June 2022, provided the other conditions for applying the requirements are met. As pandemic restrictions continue, extending the existing time condition is considered necessary to ensure these concessions are accounted for consistently and in a way that best reflects their substance. Consider

In line with the recommendation from the independent Climate Change Committee, this sixth carbon budget limits the volume of greenhouse gases emitted over a five-year period from 2033 to 2037, taking the UK more than three-quarters of the way to reaching net-zero by 2050. It is the most ambitious climate change target in the world and the carbon budget will ensure the UK remains on track to end its contribution to climate change while remaining consistent with the Paris Agree

Working remotely has many benefits: flexible hours, no commute, and autonomy and control over how you work, to name just a few. But as any remote worker will tell you, there are also considerable challenges. According to a variety of studies, isolation and loneliness are among the biggest complaints. Working remotely means missing out on the human interaction and social aspects that being in an office provides. Research conducted by Harvard Business Review on coworking spaces

Stephen Day, a former NHS executive and chartered accountant, was handed a 11 year and five month sentence from Leeds Crown Court on Thursday 15 April 2021, after pleading guilty to 12 counts of fraud offences and theft. Day has also been handed a nine-year director disqualification. The investigation conducted by Greater Manchester Police (GMP), found that Day had claimed to be a financial turnaround consultant and accountant for more than 20 companies and would advise busin

As the fourth Self Employment Income Support Scheme (SEISS) is due to open for claims, HMRC has confirmed that it will be contacting eligible self employed individuals based on their tax returns in mid-April to give a date for making applications Communications will be sent either by email, letter or within the online service. The online service to claim the fourth grant will be available from late April 2021. All claims must be made on or before 1 June 2021. Claims must be m

The policy, which delivers on the government’s manifesto commitment, allows employers to claim National Insurance contributions’ relief for veterans they have hired during their first year of civilian employment after leaving the armed forces. The relief is available to all employers of veterans regardless of when the veteran left the regular armed forces, providing that they have not been employed in a civilian capacity since leaving service. The relief will be available on

The government plans to introduce new legislation from 6 April 2021 to help tackle the perceived abuse of tax and national insurance contributions (NIC) relating to off-payroll labour in the private sector (extending the rules in place for the public sector since April 2017). Commonly referred to as the IR35 reforms, the changes will affect medium and large private sector businesses that engage workers operating through an intermediary. An intermediary is usually a worker’s p