Essentials - March 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.

Accounting

• ASB exposure draft to amend FRS 20 (IFRS 2), 'share-based payment – vesting conditions and cancellations'
  
• IFRIC 9 – re-assessment of embedded derivatives

Direct Tax

• ECJ case, Banca Popolare, declares Italian IRAP tax illegal
  
• Marks & Spencer group relief case returns to the high court
  
• VAT avoidance disclosure do's and don'ts
  
• Restaurant industry to claim millions following changes to HMRC guidance on NICs
  

Indirect Tax

• If the cap fits – VAT cases on the 3 year cap
  
• Compound interest
  
• Will you be an authorised economic operator (AEO)?
  

Employee and Shareholder

• Age discrimination – what it will mean for employers
  

Legal

• Are you sure who owns the copyright for your software development?