United Kingdom: Accounting and Audit

The National Audit on Group-based Child Sexual Exploitation and Abuse led by Baroness Casey is a landmark review with profound implications...

Reporting fraud and the misstatement of financial accounts – these are not events that audit committees, general counsels or boards go looking for, but they happen. Recent developments are raising the stakes, and consequences are becoming more severe.

On 18 June 2025, Matthew Garbutt and Avary Patutama of our Litigation & Dispute Resolution team delivered...

Incurring liabilities to third parties is often necessary in order to carry out an effective administration of an insolvent company.

A facilitation payment to encourage creditors to vote through the restructuring proposals of creditors’ debts has been held by the High Court not to be an illegal bribe.

The Court has heard another case dealing with a defective appointment of administrators under paragraph 22 of Schedule B1 Insolvency Act 1986 ("Schedule B1").

Last week, the ATO issued an updated legislative instrument for startups calculating the market value of ordinary shares for employee share and option schemes.

Accounting business leaders need an excellent understanding of the MARKET to make good decisions on new services, marketing, communications, branding, Client service, pricing and even hiring.

Accountants tend to be polite and accommodating with colleagues and Clients. That's a good thing!

In the face of protests from charities, the Chancellor has scrapped plans to limit the amount of tax relief available on charitable giving.

Finance Act 2011 included several provisions simplifying the avoidance rules for corporate capital gains, following on from consultations during 2009 and 2010.

Finance Act 2011 amended s27 of CTA2010 so that where there is no substantial commercial interdependence between two companies, they will only be under common control for the purposes of the small profits rate by assessing control under CTA10 s451 ignoring the interests of any associate of a person or company (i.e. ignoring attribution according to CTA10 s451(4) and s451(5).