Brexit

Accounting / Marshall: accounting year ends and disclosure pre-Brexit

Andrew Marshall, senior technical partner at KPMG, looks at what impacts Brexit will have on the numbers and disclosures in companies’ 2018 year end financial statements

Tax / NAO identifies compliance risk in post-Brexit border planning

The National Audit Office (NAO) is warning that ongoing political uncertainty around Brexit and delays in negotiations has hampered planning for how the UK will manage its borders once it leaves the EU

Tax / Government invests in no-deal Brexit customs support

The Treasury and HMRC are to plough £8m into a package of measures to support the customs intermediaries sector in preparing for potential capacity challenges with staff training and automation in the event of a ‘no deal’ Brexit next year

Insight / CBI warns Brexit uncertainty hitting investment

Eight out of ten firms say Brexit has had a negative effect on investment decisions, up from 36% a year ago, according to updated research from the CBI which shows that companies are implementing plans to reduce the potential impact

Insight / Top five crucial skills for the CFO of the future

With businesses embracing big data, new tech and digital media, the role of traditional CFO is evolving from financial expert to strategic partner, data analyst, talent curator and more. James Booth, chief financial officer at Instant Offices explains what this new era of the multidiscipline strategist means

Tax / Oury: stock availability and imports in the event of no-deal Brexit

Andrew Oury, partner at Oury Clark, takes a wry look at the potential impact of a no deal Brexit on imports and stock availability in a just-in-time supply chain

Insight / Guidance on professional qualification recognition under ‘no deal’ Brexit

The government has published guidance on the recognition of professional qualifications in the event of a ‘no deal’ Brexit, along with advice on the implications for businesses which provide services

Insight / Businesses report post-Brexit confidence dip

With six months to go until the Brexit deadline, business preparedness has hardly changed from December 2017 while levels of confidence in future turnover and employee growth have dipped, according to research from FTI consulting

Accounting / Changes to accounting and audit rules in the event of no-deal Brexit

The government has published guidance outlining changes to audit, accounting and company reporting rules in the event that the UK leaves the EU in March 2019 with no agreement in place, to allow the sector to ‘make informed plans and preparations’

Tax / HMRC chief receives death threats over Brexit cost estimate

Chief executive and permanent secretary of HMRC, Jon Thompson, has revealed that he received two death threats after telling the Treasury Committee that a post-Brexit customs option could potentially cost £20bn

Insight / Brexit: legal implications for UK and EU companies and their assignees

Paul Marmor, head of international services at Sherrards Solicitors, considers how UK international companies and EU businesses trading in the UK can prepare for the potential legal implications of Brexit?

Insight / FCA consults on ‘no deal’ regulatory plans

The Financial Conduct Authority (FCA) is consulting on proposals for amendments to its standards and financial services passporting rules, plus the regulatory regime for credit ratings agencies and data reporting services providers in the event the UK leaves the EU on 29 March 2019 without an implementation period

Insight / Auditors pan EU customs IT systems delay

In the week that HMRC’s progress in developing the UK’s new customs declaration system (CDS) came under fire, a report from the European Court of Auditors (ECA) says implementation of customs IT systems in the EU has suffered from a series of delays, and some key elements will not be available for the 2020 deadline

Insight / CFO’s Brexit concerns at record high

CFOs are currently more worried about the long term impact of Brexit than at any time since the referendum according to a quarterly survey from Deloitte, which shows marked falls in optimism and risk appetite

Tax / HMRC challenged over customs declarations system

HMRC has come under fire from MPs over delays to the development of its new customs declaration service (CDS) and its failure to communicate with businesses about potential changes to customs processes in the event of a ‘no deal’ Brexit
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