Budget Summary: Business Taxes

This edition includes news on the Royal Institute of Chartered Surveyors (RICS) in the United Kingdom lobbying the UK Government to allow RICS to regulate estate agents under the new EU Directive (5 September); American proposals to reduce currency transactions reporting requirement for seasoned business customers (16 September); and the approval of regulatory standards for Hawala money transfers between 14 Arab states (28 September).

The Department of Health and the Government Actuary’s Department have published an actuarial valuation of the NHS Pension Scheme which has an effective date of 31 March 2012.

The Institutional Shareholder Services (ISS) has stated that recent high-profile corporate failures and accounting scandals have raised investors'

A delegated regulation relating to the EUPR has been published in the Official Journal and entered into force on 16 August 2026. It was expected to apply from 5 June 2026, alongside the EU Listing Act amendments to the EUPR, but was delayed. The delegated regulation introduces a significantly simplified and more standardised prospectus regime, including streamlined disclosure requirements, a new EU IPO prospectus for first-time listings and mandatory standard formats for single-document equity prospectuses

Accountants' traditional margins are under huge threat due to compliance, the core business of accountants, becoming increasingly commoditized by new entrants to the market...

Earlier this week the Department for Business, Innovation, Science and Trade published the long awaited Modernising Corporate Reporting consultation, seeking views on how the corporate reporting framework in the UK could be modernised to better meet the needs of companies, investors and the wider economy.

This disclosure checklist is based on the UK Accounting Standards Board’s (ASB) Reporting Standard on the OFR (RS1) which supports the final statutory requirements in SI 2005/1011. <p>The Regulations state that quoted companies will be required to prepare statutory OFRs for the first time for financial years beginning on or after 1 April 2005. The Reporting Standard will apply to all entities that prepare an OFR.

This month MDD focuses on liability claims and looks at the benefits of getting the right technical accounting expert engaged early on to stress test quantum.