All articles by Umesh Ellichipuram
Umesh Ellichipuram
UK inheritance tax receipts reach £7.1bn in latest HRMC data
The authority noted that IHT receipts were around £100m ($134.86m) higher than the same period last year.
ACCA backs SRA crackdown on solicitors holding client money
The accountancy body also reaffirmed its support for a compulsory annual declaration from companies.
FCA CEO Nikhil Rathi signals shift towards fewer new rules
Rathi tied this shift in strategy to the post-Brexit regulatory landscape, in which the FCA is re-evaluating EU-derived rules.
CAI and business groups discuss lowering NI corporation tax rate
The groups agreed to back efforts to reduce the corporation tax rate in NI.
ICAI to launch information systems audit standards later this month
The institute plans to publish 11 distinct standards under this initiative.
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ICAEW warns visitor levy could add pressure on hospitality companies
This follows the ICAEW’s latest Business Confidence Monitor, which reported that 64% of companies see the tax burden as a growing challenge.
Australian accounting bodies urge stronger PII transparency
The groups warned that PII is not meant to cover product failures or systemic collapses, and shouldn’t be the main backstop.
HMRC makes tax adviser registration mandatory from May 2026
HMRC has published initial guidance on who must register and how and when the registration process will be implemented.
ICAI issues global networking norms for domestic audit practices
The guidelines will also permit domestic chartered accountancy practices to form alliances with overseas networks.
FRC updates framework for adapted formats in annual report accounts
The update has been drafted to keep presentation requirements broadly aligned with IFRS.