Essentials – June 2006

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. Areas covered in the June issue include:

Accounting

• Proposed amendments on borrowing costs
• Interpretation of equivalence for section 228A exemption
• Proposed amendment to the new FRSSE

Indirect tax

• What constitutes 'catering' and 'premises'?

Direct tax

• Will the extended tax avoidance disclosure regime work effectively?
• PwC worldwide tax summaries

Legal

• Grand designs
• Government's announcement of immigration proposals

Employer and shareholder

• Employee shares and options annual reporting: act now to avoid penalties
• Contingent asset as part of an employer funding strategy