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Latest updates

  1. Coronavirus - Insolvency

    See the latest information in insolvency amid the coronavirus outbreak.

  2. BEIS responds to extension request

    We highlight the BEIS response to ICAS’ request for a continuation of the automatic filing extension with Companies House.

  3. ICAS response to IFRS 16 amendment

    Read the ICAS response to the IASB amendment to IFRS 16 on COVID-19-related rent concessions beyond 30 June 2021.

  4. Response to IAASB discussion paper

    James Barbour highlights the ICAS response to the IAASB’s discussion paper on fraud and going concern.

  5. Updated guidance from FRC and FCA

    The FRC and FCA have issued new updated guidance for companies, auditors and users of financial statements.

  6. Automatic filing extension

    ICAS has asked BEIS for the extension to the filing of accounts to be continued beyond the 5 April 2021 deadline.

  7. JFRC and FCA joint statement

    Read about a joint statement from the FRC and FCA on the company reporting measures still available during COVID-19.

  8. Going Concern – IFRS Disclosure

    James Barbour CA highlights education material published by the IFRS Foundation to help companies apply going concern requirements.

  9. HMRC lifts late filing penalties

    Further to ICAS’ correspondence with HMRC, late filing penalties will not be charged for those who file online by 28 February.

  10. ICAS urges HMRC to reconsider

    ICAS has written again to Jim Harra, requesting that HMRC reconsiders our request to waive penalties for late filing.

  11. Accountants’ response to COVID-19

    Read this report by the Accounting Bodies Network (ABN) of A4S on the profession’s response to the pandemic.

  12. Going concern guidance for auditors

    We highlight the going concern guidance for auditors ‘Covid-19 and Beyond’ issued by ICAS in December 2020.

  13. HMRC responds to ICAS

    HMRC urges all customers to complete their annual returns by 31 January and advises late filing penalties will not be waived.

  14. Charities: focus on going concern

    Find out more about ICAS’ practical tailored guidance for charity trustees on going concern.

  15. Companies House urges early filing

    We highlight Companies House call for accountants to file clients’ accounts online and as early as possible.

  16. Accountancy firms in level 4 areas

    What do the level 4 coronavirus measures mean for accountancy firms in affected council areas?

  17. Trustees' guide on sponsor distress

    Find out more about TPR’s new guidance for trustees of DB schemes on sponsor distress.

  18. ICAS writes to HMRC

    ICAS has asked HMRC to waive penalties automatically for annual returns up to three months late between now and 30 June 2021.

  19. CJRS to continue until March 2021

    Learn more about the announcements made on Saturday 31 October and 5 November in relation to the further extension to the CJRS

  20. Recapitalising businesses

    Learn about plans to help recapitalise businesses with elevated debt levels from government COVID-19 lending.
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