Law and regulation

Accounting / Companies House clarifies filing periods for confirmation statements

Companies House has updated guidance for company confirmation statements with more information about filing and payment periods

Accounting / Filing accounts at Companies House - NEW CPD module

This month's exclusive Accountancy Daily CPD module focuses on filing accounts at Companies House covering the legal requirements, electronic filing, reasons for rejection and specific rules for charities and limited liability partnerships (LLPs)

Accounting / Companies House updates guidance on penalties for late filing

The death of a company’s accountant is no excuse for the late filing of accounts at Companies House, but an unexpected Royal Mail strike could help avoid late filing penalties, writes Sophie Brookes, partner at law firm Gateley plc

Accounting / Legal updates: August 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers the liability of directors for a wrongful act in Antuzis v DJ Houghton Catching Services Limited, and the limits of individual directors to bind a company in East Asia Company Ltd v PT Satria Tirtatama Energindo

Accounting / London businesses worst for filing late accounts at Companies House

London and Birmingham are the worst areas in the country for filing accounts late with over 200,000 UK companies facing fines for non-compliance for missing the Companies House deadline

Accounting / Triennial review: FRS 102 (2018) and net debt reconciliation – part 4

In the final part of our series on FRS 102 (2018), James Waller CA, technical writer at Croner-i, explains the treatment of a net debt reconciliation where a company, LLP or charity, includes a cash flow statement

Accounting / Companies House changes late filing penalty appeal process

Companies House has updated the guidance on how it assesses penalty appeals made by businesses for the late filing of accounts, with the changes coming into effect from 1 October

Accounting / Legal updates: July 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers a complex accounts warranty claim in 116 Cardamon, limited liability and veil of incorporation in Hurstwood, and defining 'ordinary and proper course of business' in Akcil

Accounting / EU plans to simplify company registrations

The European Council has adopted a directive designed to make setting up a company in the EU simple and cheaper by promoting online options for company registration

Accounting / FCA tightens rules on peer-to-peer lending platforms

The Financial Conduct Authority (FCA) is introducing rules to strengthen protections for investors using peer-to-peer (P2P) and investment based lending platforms based on tighter governance and robust risk management systems

Accounting / European single electronic format for financial statements mandated

The European Commission has issued rules requiring all listed companies across EU member states who report under IFRS to submit their annual financial statements digitally as iXBRL documents from 1 January 2020

Accounting / Legal updates: June 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers an invalid director appointment that led to a failed administrator appointment, how the court stepped in to alter the quoracy at a meeting and when preference shares are ordinary share capital for entrepreneurs' relief

Accounting / Accounting updates: June 2019

In this month’s accounting updates, Companies House reporting regime overhaul planned, FRS 102 DB pension amendments, micro entities should adopt simplified accounting under FRS 105,  ACCA deficit grows, Kraft Heinz admits $181m misstatement, anti-money laundering (AML) oversight ramped up and academy schools Accounting Direction revised

Accounting / FRC amends FRS 102 Section 28 Employee Benefits on DB pensions

The Financial Reporting Council (FRC) has issued amendments to FRS 102 affecting the reporting treatment of multi-employer defined benefit (DB) plans to clarify reporting of deficits in other comprehensive income

Accounting / Accounting for guaranteed minimum pensions (GMP) equalisation

The Pensions Research Accountant Group (PRAG) has published guidance on accounting for guaranteed minimum pensions (GMPs) equalisation in pension scheme accounts. Kevin Clark, chair of the PRAG SORP Working Party, examines the key issues for trustees
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