Proposed changes to the UK's financial reporting rules following Brexit have been published by the Financial Reporting Council (FRC). The FRC issued the FRED 80 draft amendments on Friday, which propose to update the application guidance to FRS 100 to reflect changes to company law and decisions on
The UK's Internal Market Act (UKIMA) places more emphasis on open trade than regulatory autonomy when compared to the EU single market, creating tensions within the devolved settlement, a Holyrood committee has concluded. Today's report from the Scottish Parliament's constitution committee warns tha
Proposed restrictions on post-Brexit VAT refunds for goods purchased in Ireland by visitors from Great Britain are set to be relaxed in a bid to support Irish retailers. Legislation currently being considered by Irish legislators would have allowed visitors from Great Britain, after the UK becomes a
Business leaders fear a potential double hit from Covid and no-deal Brexit, new figures from the Institute of Directors reveal. In a survey of almost a thousand company directors conducted in late September, the majority said that the pandemic would magnify the impact of a no-deal Brexit on their or
Global accountancy body ICAS has urged the UK Government to “learn from Canada” as it embarks on trade negotiations with the EU.
As the UK enters the Brexit transition period, Susie Walker, head of tax at Johnston Carmichael, urges businesses to be prepared for leaving the EU without a trade deal. Even though the UK is now officially entering the 11-month transition period, there is no guarantee that a comprehensive trade dea
The Financial Conduct Authority (FCA) has issued information for firms during the Brexit implementation period. The authority said that during the implementation period of the UK's withdrawal from the EU today, which is due to last until 31st December 2020, EU law will continue to apply.
A CMS survey of more than 100 key executives representing four of Scotland’s most important future industry sectors has revealed significant concerns about the impact of Brexit in the year ahead. The research included select interviews and a survey of industry leaders from the Renewable Energy
Standards for trade after Brexit must not be allowed to deteriorate, the First Minister has said.
Scottish law firm Anderson Strathern has posted record results with a 28% increase in profits largely due to its Brexit-related advice services. The 28% rise has boosted the firm's profits to £8.9 million and the company's revenue increased by 7% to reach £24.4m.
The value of Scotland’s property market is on course to top £18 billion for the second consecutive year – despite rising homeowner anxiety over Brexit, according to new figures from Aberdein Considine. The firm’s Property Monitor report found that sales hit £5.3bn durin
The British Chambers of Commerce (BCC) has said that avoiding a no-deal Brexit and delivering an urgent confidence boost through action on infrastructure, immigration, skills and business costs must be at the forefront of the next government’s agenda. The 2020 and beyond: business priorities f
While uncertainty about the exact timing of Brexit looks set to linger on into 2020, chartered accountant Wylie & Bisset is advising Small and Medium-sized Enterprises (SMEs) to prepare for change now by applying for a Brexit Support Grant. Funded by the Scottish Government, the Brexit Support G
The Brexit impasse is contributing to perceptions that Scotland's commercial property market is in the downturn phase of the property cycle, according to a new survey. Half of respondents in Scotland to the Q3 2019 Commercial Property Market Survey from the Royal Institution of Chartered Survey
Scotland’s economy would suffer significant damage under the Prime Minister’s Brexit deal, according to Scottish Government analysis.