Essentials – May 2006

The May 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 May issue include:

Accounting

• Amendment to FRS26 for recognition and derecognition
  
• CCAB issues revised SORP for LLPs
  

Direct Tax

• Consultation on foreign dividends
  
• Interest relief and controlled foreign companies could lead to major changes
  
• UK-REITs are coming but are they for you?
  

Indirect tax

• A single supply attracting more than one VAT rate?
  
• Management fees
  
• Card handling service can result in an exempt supply
  

Legal

• The impact of age discrimination
  
• Company law reform and the codification of directors' duties

Finance Directors' calendar

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