Essentials - January/February 2005

Issues covered in the latest Essentials newsletter include accounting, tax and legal matters, plus a calendar for finance directors featuring key upcoming dates and deadlines.

Accounting updates include:

• Focus of FRRP company accounts review for 2005
  
• FRS 27 - life assurance
  
• Implications of ESOP trusts on realised profits

Tax updates include:

• Large corporates face strict time limits for tax returns
  
• Bad news for taxpayers in Court of Appeal ruling
  
• VAT tribunals - timing is crucial

Employer & shareholder updates include:

• Executive pay reviews - Association of British Insurers
  
• Pension contributions deductible for employees at former subsidiary
  
• US deferred compensation plans hit by new law
  

Legal updates include:

• Consumer rights - clamp down on rogue marketing across the EU
  
• Details on UK 'works council' laws in force from April 2005
  
• Commonhold - new form of land ownership in England and Wales
  

FD's calendar - looming dates and deadlines include:

• Responses due for corporation tax reforms proposal
  
• End of 'future of VAT' consultation
  
• Publish 2004 IFRS information
  
• Employers' PAYE/NIC packs due from Inland Revenue

By clicking the download above you can access a printable copy of this publication.