Essentials – June 2007

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. Contents:

Accounting

• IASB publishes a discussion paper views on insurance contracts
• FRC assesses the impact of the combined code

Direct Tax

• FIN 48 and uncertain tax positions: UK podcast on transfer pricing, EU case law and experiences so far

Indirect Tax

• When can you deduct input tax without a valid invoice?

Legal

• Points based system for UK immigration reform to start in early 2008

Employer and Shareholder

• Absenteeism - a sign of deeper corporate malady?

Risk

• HMRC's offshore disclosure facility