A practical consequence of an exit will be cessation of access to the parent-subsidiary directive and the interest and royalties directives. These directives are designed to allow for flow of funds between member states without withholding taxes. After March 2019 the terms of the tax treaty between the UK and the relevant counter party will govern the extent that withholding taxes will apply.
Mental health is the leading cause of sickness, with 70 million days lost each year in the UK. Therefore, it is an important part of the jigsaw when thinking about boosting productivity and performance.
Getting forex wrong can cost a creative business thousands of pounds. The bigger the international transaction, the greater the risk. Exchanging currencies at the wrong time can even put a firm’s future at risk.
FRS 102 introduced extensive measurement and disclosure rules for non-basic financial instruments. Property companies were affected but these new rules may assist in simplifying disclosure as more loans will be defined as basic.