disclosure | AccountingWEB


Here is a summary of some of the changes announced by the Chancellor of the Exchequer in the Summer Budget, published on 8 July 2015.

Income Tax

Stop being you for a moment. Imagine instead that you are a client of your practice.


Two questions

One - when there is a commitment due to expire within one year, do you disclose in the notes the ANNUAL commitment, or just the amount that you have to pay?


Guernsey and Jersey signed Automatic Information Exchange Agreements with the UK on the 22 October 2013 – the ‘UK-Guernsey Agreement to Improve International Tax Compliance’ and the ‘UK-Jersey Agre

HMRC is continuing with its anti-evasion publicity campaign, “closing in on undeclared income”, through targeted advertisements on over 3,000 billboards in public spaces.

Time is running out for Britons with money hidden in Swiss bank accounts.


HMRC has published new guidance on Disclosure of Tax Avoidance Schemes (DOTAS).

Since the beginning of 2010, HMRC' has been targeting high risk sectors where significant underpayment of tax may be taking place.