Insights

Insights

FCA set new targets for listed companies (D&I)

What is this? The Financial Conduct Authority (FCA) has set targets for listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management. This was communicated as an FCA policy statement on 20th April 2022. What is the purpose? The FCA has focused …

Audit exemption – key facts

Audit exemption for companies can be claimed under Companies Act 2006 under one of the following scenarios: Small company Small member of a small group Any sized subsidiary of a UK or EEA parent with a parent guarantee Dormant company Certain types of companies cannot claim audit exemption even if categorised as small. These include …

Financial Reporting – collaboration service

Financial reporting quality and accuracy is under the spotlight more than ever, with an increased focus from the Financial Reporting Council, investors, and other key stakeholders. As a result, there have been significant recent changes to the regulatory reporting environment, along with an ongoing debate on audit reform. This puts pressure on finance teams who …

COVID-19 Business Interruption Loan (“CBIL”) Scheme

The UK government is pressing the banks to take a lighter touch with CBIL applications, albeit still lend responsibly. In other words, the banks should be lending to viable businesses. There is a direct correlation between successful CBIL applications and credible financial records and cash flows that evidence the viability of a business. In our …

IR35: Will it impact you?

The IR35 (Off-payroll workers) is not a new legislation. It was first introduced in April 2000 to tackle individuals working in firms as “disguised employees” benefiting from avoiding income tax and national insurance contributions. We have recently witnessed confusion in the contracting market. From 6 April 2020 the off-payroll working rules that apply to the …

Uncertainty of Brexit: What about GDPR?

What will happen with GDPR after Brexit? Prime Minister Theresa May has recently received widespread criticism of the draft withdrawal agreement. The 585-page document sets out the terms of UK’s departure from the EU, with many individuals and businesses uncertain of the future agreement and UK’s alignment with the ECJ. This raises the question of …

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