The revised FRS 102 lease accounting rules will bring important changes for many leisure and hospitality businesses, particularly hotels, pubs, restaurants, visitor attractions and other operators with leased properties with the biggest impact being felt by operators with larger estates. Whether you operate hotels, pubs, restaurants or visitor attractions, it is likely property will represent…
Why environmental, social and governance issues now matter at farm, processor and board level Environmental, Social and Governance, widely referred to as ESG, provides a framework for understanding how sustainability-related matters affect a business and how its activities affect people and the environment. The environmental pillar covers areas such as climate change, energy, water, pollution,…
Revenue has adopted a more formal approach to enforcement of the reporting required under new Enhanced Reporting Requirement (ERR) legislation. Employers are now receiving Level 1 compliance intervention letters where ERR filings are missing, late or incomplete, and Revenue is using data analytics to cross-check submissions against payroll, VAT and corporation tax records. If you…
Cyprus – Two important transfer pricing developments effective from tax year 2026
In the past thirty years, food supply chains were designed around efficiency and cost benefit. In effect, Production moved to the lowest-cost locations and processing became concentrated. In the last 30 years, distribution networks stretched across continents with the prevailing assumption that lower cost always meant greater competitiveness. Does that still hold relevant today? In…
Boards tend to think of governance in terms of committees, policies and reporting lines. In practice, much of it is decided far lower down, in how a transaction is documented, how a balance is reconciled and how a tax position is supported. The accounting and tax function is where governance either holds up or quietly…
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Eurozone inflation has jumped to its highest rate in three years, reaching 3.8% in September and taking it further above the European Central Bank’s official 2% target. Inflation has doubled in just 8 months, from 1.7% in January to…
In 2024, Forbes reported that video games are developing future leaders. The article cited countless hours spent in virtual worlds as ‘shaping a new generation of leaders who navigate complex business challenges with the same strategic precision they once used to conquer digital realms’ – a generational change revolutionising how businesses approach decision-making. With these…
