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In a keynote speech for the COP26 Presidency, then-Chancellor Rishi Sunak set an ambitious objective to make the UK the “first ever Net Zero-aligned Financial Centre”.

According to the World Economic Outlook (WEO) report issued by the International Monetary Fund (IMF) in October 2023, and based on economic conditions that currently exist in Ghana, Sierra Leone and Haiti, these countries are now considered to be hyperinflationary from 31 December 2023.

The Transition Plan Taskforce (TPT) has published its final disclosure framework.

The International Accounting Standards Board (IASB) has amended IAS 7 ‘Cash flow Statements’ and IFRS 7 ‘Financial Instruments: Disclosures’

The International Accounting Standards Board (IASB) has issued amendments to IAS 12 'Income taxes'

The IFRS, which is responsible for publishing the ISSB climate standards, met in Montreal on 17 February, with the aim of detailing what’s next for sustainability disclosure.

Grant Thornton’s Women in Business report 2022: How businesses can open the door to diverse talent

This article considers some regularly encountered application issues when applying IAS 36

A recent and potentially significant change has been made to HMRC’s guidance in respect of the UK’s Trust Registration Service (“TRS”).

This article considers some regularly encountered application issues when applying IAS 36

On 1 August 2022, the register of overseas entities became live.

The Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the “Ordinance”) and the Companies (Guernsey) (Insolvency Rules) Regulations, 2022 (the “Insolvency Rules”) are due to come into operation on 1 January 2023, following regulations made today by the Committee for Economic Development (the “Committee”).

Non-UK resident companies which are subject to UK Corporate Tax (“UKCT”) through their UK property rental business should now be fairly well adjusted to this tax regime, having transitioned away from the Non-Resident Landlord system from April 2020.

Jeremy Hunt stood up and presented his Autumn Statement with high inflation, high interest rates, lower living standards and a very sluggish economy in the forefront of everyone’s mind.

Guernsey income tax is due by reference to an individual’s residence position. For most people, residence is based on the actual days spent in Guernsey during a calendar year.

The International Accounting Standards Board (IASB) has issued amendments to IAS 1 ‘Presentation of Financial Statements’ that aim to improve disclosures about long-term debt with covenants for periods beginning on or after 1 January 2024, with early adoption being permissible.