Essentials - November 2007

November 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 has issued ED of exposure draft of proposed amendments under the first annual improvement project
• Indirect tax – global issues for global brands
• Direct tax – pre-owned assets income tax; countries tax burdens back to 2000 historic highs; dividend participation exception could leave companies seeking tax treaty negotiations
• Human Resources – poor tax compliance processes could result in companies losing their gross payment status; survey finds over one quarter of employers are considering disposing their pension liabilities
• Risk – new HMRC penalty regime
• Focus on – UK family businesses confident but they must manage change to survive
• Finance directors calendar