Essentials - September 2005

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 updates include:

• IFRIC 6 - Liabilities arising from participating in a specific market (waste electrical and electronic equipment)
  
• IAS 39 and IFRS 4 amendments - Financial guarantees
  
• IFRS 7 and amendment to IAS 1 - New financial instruments and capital disclosures
  

Direct tax updates include:

• New transfer pricing rules for share plans - action may be required
  
• HMRC limits Vat deduction on overheads of funded pension schemes
  
• Taxes at a glance 2005 - new publication summarises CEE/CIS tax regimes
  

Indirect tax updates include:

• Legal certainty less certain for suppliers to unincorporated associations
  
• High Court confirms card handling services may fall within financial services exemption
  

Legal updates include:

• Community patent
  
• Software Patent Directive: Is this the end?
  

By clicking the download above you can access a printable copy of this publication.