Categories: FCA & financial services, MiFID II, VAT
31 October 2017 Although the MiFID II regulation has been published since 2014 (delayed implementation date – 3rd January 2018), it is surprising that H M Revenue & Customs has not yet provided any firm guidance on the VAT treatment of research work. Recent press states that HMRC is now meeting with industry groups and […]
Categories: Audit, FCA & financial services
We use our expertise to help clients maximise their assets where legally possible in accordance with UK GAAP or IFRS. This is especially useful for companies who need to meet gross asset or capital requirements such as FCA firms or raising bank loans or complying with bank or investor covenants. However, the methods below are […]
Categories: Contractor, FCA & financial services, Tech
DOWNLOAD THE FULL BREXIT REPORT HERE Background As readers are no doubt aware the UK voted to leave the EU in June 2016. We were shocked that Brexit actually happened and were worried about the impact on our clients. The long lasting effects are unknown and much will depend on the negotiation of trade agreements […]
Categories: FCA & financial services, VAT
VAT and financial services: Are you losing out on VAT? VAT and financial services is a very tricky area and this video presentation gives a brief overview: The main points covered are: 1) VAT and financial services exemptions under VAT Act 1994 Schedule 9 Group 5 (eg money, loans, securities, advising collective investment scheme) If […]
Categories: FCA & financial services
FCA audit: Do you need an FCA audit? Under the Companies Act 2006 (or as applied to LLPs) a business will normally need an audit if it is fairly large and exceeds 2 out of the 3 size limits of a small firm: assets > £3.26m (£5.1m from 1/1/16) turnover > £6.5m (£10.2m from 1/1/16) employees […]
