Essentials - June 2005

This edition of our Essentials newsletter covers the latest accounting, tax and legal matters, plus a calendar for finance directors that features key upcoming dates and deadlines.

Accounting updates include:

• Distributable profits: Implications of IFRS and UK GAAP convergence with IFRS
  
• Charities SORP and regulations
  
• Operating and Financial Review and Directors' Report regulations 2005
  
• Update on accounting for SAYE schemes under IFRS 2
  

Direct tax updates include:

• Finance Bill 2005 and Explanatory Notes now published
  
• Draft HMRC guidance on share options post 1 January 2005 - treatment of UK parent companies
  
• What if the tax payer hasn't got the cash to pay the tax? HMRC guidance

Indirect tax updates include:

• Opportunities for businesses issuing shares
  
• Fraud doesn't pay

Legal updates include:

• Is your database protected?
  
• Working holiday scheme

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