Commission has said it will use savings from its efficiency programme to
help councils, primary care trusts and other local bodies with the cost of
moving to International
Financial Reporting Standards.
The package, worth £3.3m, is designed to cover the costs of moving to the new
accounting standard, which is due to be introduced in 2010 and will apply to all
The public spending watchdog said the rebate will be funded by cutting its
NHS trusts — the first public bodies to move to IFRS — will receive a
one-off rebate in December and councils in December 2010.
Commission chairman Michael O’Higgins said: ‘All public bodies are feeling
the chill. The introduction of the new [IFRS] standard does impose an extra cost
on them and we wanted to help.’
As part of the government’s Flag It Up! campaign, Henry Cooper, former president of the AAT, highlights how accountants can protect themselves and their businesses from money launderers
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals