The Financial Reporting Council (FRC) is warning companies they need to improve their reporting of revenue and leases, after reviewing a sample of disclosures in annual and interim reports

The Big Four accountancy firms, together with the World Economic Forum (WEF), have released a set of universal environmental, social and governance (ESG) metrics designed to make benchmarking sustainable business performance easier and more comparable

Chancellor Rishi Sunak has cancelled the planned Budget in the face of worsening coronavirus infection rates and increased restrictions, and is set to unveil a ‘winter economy plan’ in its place

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

As furlough schemes end, employers could be tempted to move ahead of the Uber ruling on worker status to avoid a large redundancy bill, but RSM’s Carolyn Brown warns employers need to keep on top of latest developments

The Treasury has signalled the government will end VAT refunds on purchases made by overseas visitors on 31 December, when the UK leaves the EU, despite claims from the travel and luxury goods sector that this will harm tourism

UK companies are largely meeting new corporate reporting requirements arising from the Financial Reporting Council’s changes in 2018, but need to demonstrate the link between intention and action more explicitly, research by EY has found

The Financial Conduct Authority (FCA) is consulting on reforms to the insurance sector, designed to enhance competition, with the proposals predicted to save motor and home insurance consumers £3.7bn over 10 years when they renew existing policies

UK has reached a ‘perilous turning point’, said Prime Minister Boris Johnson, as he tightens up Covid restrictions for England for up to six months after his top scientific advisers warn urgent action was needed to combat the spike in infections

In the wake of the pandemic, businesses have been given extensions for tax filing and company reporting, but there is still confusion between HMRC and Companies House deadlines. Crowe’s corporate tax partner Laurence Field calls for a more joined up approach

Companies are to be told to put plans for staff to return to work in offices on hold, as the government introduces stricter controls on social and work activity in a bid to contain any escalation in outbreaks of coronavirus

MHA MacIntyre Hudson (MHA) has been appointed as external auditor to FTSE 250-listed Petropavlovsk, the Russian gold mining company which had previously lined up PwC for the role only for the Big Four firm to decline

Large businesses and public bodies will be mandated to report regularly on the steps they have taken to prevent modern slavery in their supply chains, as the government moves to tighten up legislation in this area

England's chief medical officer and the government's top scientific adviser warn that Covid cases are ‘doubling every seven days’ in Downing Street Coronavirus briefing

With six weeks to go until the coronavirus job retention scheme (CJRS) finishes, while HMRC figures show a steady decline in the number of workers on furlough, pressure is growing for the government to extend the support beyond the end of October