Technical and Insight
Updates to new UK GAAP
Updates to FRS 100, FRS 101 and FRS 102 have been published.

Updates to FRS 100, FRS 101 and FRS 102 have been published. 

In addition to minor typographical and presentational corrections, each has been updated as follows: 

Updates from FRS 100 issued in November 2012 include:

  • the withdrawal of FRS 27 Life Assurance (as set out in FRS 103 Insurance Contracts issued in March 2014)
  • consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
  • Amendments to FRS 100 issued in July 2015
  • an editorial amendment to paragraph A2.19 to include a reference to the Strategic Report. 

Updates from FRS 101 issued in August 2014 include amendments to FRS 101

Reduced Disclosure Framework – 2014/15 cycle and other minor amendments issued in July 2015. 

Updates from FRS 102 issued in August 2014 include:

  • an editorial amendment to Section 12 Other Financial Instruments Issues in relation to the examples of hedge accounting issued on 17 September 2014
  • Amendments to FRS 102 – Pension obligations issued in February 2015
  • consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
  • amendments to FRS 102 – Small entities and other minor amendments issued in July 2015.

For more information visited the dedicated UK GAAP pages on ACCA’s technical advisory webpages.


Micro and small entity reporting and replacing the FRSSE
The withdrawal of the FRSSE in 2016 will herald significant changes for micro and small entities.

The withdrawal of the FRSSE in 2016 will herald significant changes for micro and small entities. 

In July 2015, the Financial Reporting Council finalised its overhaul of UK GAAP, introducing a new financial reporting framework for micro and small reporting entities that will be applicable for accounting periods beginning on or after 1 January 2016. The FRSSE is withdrawn and micro and small entities will need to get to grips with the requirements of either: 

  • FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime, or
  • FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland - Section 1A Small Entities.

Reporting entities that previously followed the FRSSE need to consider which of the new standards they should adopt. The first step is to consider eligibility, which is based on size thresholds and the status of the entity, as shown in the table below. A company meeting the criteria for micro-entity regime may still choose to adopt FRS 102 1A, because the micro-entity regime is optional.  


Micro-entities regime – FRS 105

Small entities regime – FRS 102 1A

Eligible entities

Companies only


  • Companies
  • Limited liability partnerships
  • Any other type of entity (e.g. charities) that would have met the criteria of the small companies regime if it was a company

Size thresholds

Qualifies if it does not exceed two or more of the following criteria:

  • Turnover £632,000
  • Balance sheet total £316,000
  • No. of employees 10

Qualifies if it does not exceed two or more of the following criteria:

  • Turnover £10.2m
  • Balance sheet total £5.1m
  • No. of employees 50

Essentially, FRS 105 represents a simplification of financial reporting for the smallest companies. The underpinning characteristics of the micro-entity regime are: 

  • the amount of information included in the micro-entity accounts is significantly less than that previously reported by small companies. The formats are simplified and only minimum disclosure is given in the notes to the accounts, as required by law
  • the only primary statements required are a balance sheet and profit and loss account. There is no requirement to prepare a statement of cash flows, a statement of comprehensive income or a statement of changes in equity
  • there is less flexibility and constraints on accounting treatments and disclosures that can be made. There is no choice in accounting policy
  • the financial statements are presumed to show a true and fair view despite the limited amount of information contained within them.

FRS 102 IA is based on the recognition and measurement requirements of FRS 102, with the presentation and disclosure requirements based on company law. A complete set of financial statements of a small entity will include all of the following: 

  • a statement of financial position (balance sheet) as at the reporting date
  • an income statement for the reporting period
  • notes as required by FRS 102 Section 1A (a limited number of notes in comparison with ‘full’ FRS 102).

There is no requirement to produce a cash flow statement, a statement of comprehensive income, or a statement of changes in equity, though the standard encourages the latter two statements to be produced if the reporting entity has relevant transactions. 

A key issue is that the financial statements of a small entity prepared under FRS 102 IA are not presumed to show a true and fair view, so the preparers of the accounts will need to consider whether additional disclosures are necessary in order for a true and fair view to be achieved.

The FRC has produced a document which provides an overview of the new UK GAAP requirements which also contains a useful summary of the key differences between the FRSSE and FRS 105 and FRS 102 IA. 

This article was written by Lisa Weaver, a professionally qualified lecturer with 15 years’ experience of exam-based, and CPD lecturing for accounting and finance professionals. 

If you would like to develop your understanding further on this topic, why not try Lisa’s new online course and get 25% off by using promotional code ACCA290.    


Mortgage interest deduction
Understanding the impact on taxpayers of the Chancellor’s move to offset mortgage interest at basic rate only.

Understanding the impact on taxpayers of the Chancellor’s move to offset mortgage interest at basic rate only. 

In his summer budget George Osborne announced that landlords will only be able to offset mortgage interest at the basic rate of tax (20%) by 2020. This will be introduced gradually from 6 April 2017. The restriction will not apply where the property meets all the criteria of a furnished holiday letting. Guidance about accommodation that qualifies as a FHL can be found here

Current situation
Landlords pay income tax on their rental profit by declaring the amount they earn on a self-assessment tax return. The landlord can deduct mortgage interest (plus associated costs like arrangement fees) along with all other costs before determining the taxable profit. Tax is then charged on the rental profit applying the normal income tax bandings – 20% for basic rate taxpayers, 40% for higher rate taxpayers and 45% for additional rate taxpayers. 

New rules
Landlords will no longer be able to deduct all of their finance costs from their property income to arrive at their rental profits. The relief in respect of finance costs will be restricted as follows: 


75% allowed

25% basic rate


50% allowed

50% basic rate


25% allowed

75% basic rate



100% basic rate


Rental income £10,000

  • allowable expenses not including finance cost £2,000
  • finance cost £3,000.

The tax position for a basic rate taxpayer will be as follows: 


Profit before finance cost

Finance cost allowed

Taxable profit

Tax at basic rate

Tax relief on finance cost

Total tax due




































While the total amount of tax due has not changed, this does not mean that the landlord’s tax position is unaffected. As taxable profit has increased from £5,000 to £8,000, it is possible that a taxpayer who is currently at the limit of the basic rate band might find himself in a higher rate tax position when nothing else has actually changed. 

The tax position for a higher rate taxpayer will be as follows: 


Profit before finance cost

Finance cost allowed

Taxable profit

Tax at 40% rate

Tax relief on finance cost (20%)

Total tax due




































As expected, a higher rate taxpayer ends up paying more tax as relief for finance costs is restricted to the basic rate. 

The company option
As companies continue to benefit from the full relief, it might be possible for landlords to consider transferring properties into limited companies. While corporation tax is due to fall to 19% in 2017 and 18% in 2020, when investing through a company income can only be paid out to the shareholders as a dividend. 

From next April, directors can receive £5,000 annually tax-free, with higher rate taxpayers paying a 32.5% dividend tax on any income above this amount. If you're considering this option, proceed with caution. We will publish a further article on this subject next month.

Salary or dividend?
The impact of new tax legislation relating to dividend income on owners of SMEs.

The impact of new tax legislation relating to dividend income on owners of SMEs. 

Until now the most business efficient way of extracting company profits by its director-shareholder was to draw a minimal salary and have the cashflow flexibility to draw dividends (assuming availability of reserves). 

For most owner managed businesses this meant that salary was set at the level of personal allowance of £10,600 (2015/16) or up to the NI threshold of £8,059 (2015/16). Most tax conscious directors reluctant to go into the 40% tax rate typically paid themselves a dividend up to the basic rate tax rate, thus drawing total cash of £35,060 without incurring any personal tax or NIC. 

From 6 April 2016 tax rates applied to dividend income will change significantly. In summary: 

  • the effect of the change is that any distribution of profits over £5k will now be taxed
  • an equivalent scenario of a salary at below tax and NIC thresholds and a dividend up to the basic tax rate, will now cost £1,429 in dividend tax
  • tax free income is reduced from £35,060 in 2015/16 (min salary of 8,060 plus net tax free dividend of £27,000) to only 16,000 in 2016/17 (personal allowance + dividend tax free allowance).

The legislation changes effectively mean that from 2016/17 the following will apply in an income tax computation: 

  • a 0% band of 5,000 applied to dividend income. This allowance reduces the basic tax rate band, rather than being applied in addition to it  
  • up to basic rate band: 7.5%
  • higher rate: 32.5%
  • additional rate: 38.1%
  • dividend tax credit will no longer apply
  • dividend income in the tax computation will not be grossed up.

Two examples will illustrate the differences between the current and 2016/17 tax computations relating to remuneration drawn as a combination of salary and dividend.   

These examples aim to provide only a very simple illustration of the mechanics of a personal tax calculation, the tax cost and net funds available to an owner of a small business. The illustrations do not address the issue of the cost of extracting profits at the respective levels mentioned in the scenarios to the company, as this aspect remains unaffected by the new legislation.

Overall the impact of the changes is negative – the new legislation increases tax due on dividends, reduces post tax funds available to the individual, and reduces a tax free amount available by some £19,000.

Whilst even with the introduction of these dividend tax rates from 2016/17, drawing a dividend is still significantly more beneficial than drawing a salary at the same level and the recent change is likely to discourage some tax driven incorporations. 

Whether this marks the beginning of the Chancellor’s transition towards a philosophy of one ‘business tax’ applied to business profits, rather than different legal structures the business is able to assume, remains to be seen. 

Next month we will use these illustrative examples to highlight the company taxation position.

Complying with competition law
60-second guide to help clients when it comes to competition law.

60-second guide to help clients when it comes to competition law. 

The Competition and Markets Authority (CMA) has published information that will help accountants inform their clients of the importance of complying with competition law. 

The CMA recognises that professionally qualified accountants are trusted advisers for businesses of all sizes, working across all sectors, and that they are well placed to guide clients as to where to look for legal guidance. 

After working closely with ACCA, the CMA has created a 60-second summary which provides an introduction to competition law.

Consultative lunches: what you told us
ACCA has been consulting with practitioners across the country.

ACCA has been consulting with practitioners across the country. Here’s a summary of what you had to say. 

Executive summary
ACCA UK’s Practitioners' Network has been holding consultative lunches around the country with practitioners since 2002 at the request of ACCA’s Council. These lunches enable us to keep in touch with practitioners, spread the word about how we support them, and gain valuable information to share with other departments. 

To facilitate benchmarking, lunches are held annually in five locations, and then five further lunches rotate every year between two or three locations. In 2015, lunches were held in Birmingham, Manchester, London, Southampton, Norwich, Edinburgh, Bristol, Newcastle, Swansea and Leeds.

The key issues and points raised are highlighted below.

The economy has continued to improve significantly over the past 12 months in much of the country. There is a greater willingness to pay for consultancy services, for example, but there are still a few areas that are yet to see that degree of improvement. Those areas are more geographically isolated and tend not to see the highs or the lows of the rest of the UK. 

London and Birmingham – which contain ACCA’s greatest concentration of practitioners – are reporting that clients are moving onto the cloud and they are following suit.

Access to finance
Banks remain largely closed to business but there has been a slight improvement from last year – particularly in lending to the construction sector. However, lending is largely dependent on collateral, and lending is often only to a proportion of the value of the asset. In some cases, collateral is irrelevant and it is the history of the business that determines whether the bank will lend. 

Clients remain cautious in some parts of the country and are not looking for finance. However, where they are looking for finance, banks are still the first port of call. When that route is closed, or where finance is needed quickly, alternative finance is utilised and has become a mainstream means of financing – most commonly through Funding Circle. 

Crowdfunding is a source for investment as well as borrowing – some clients have surplus funds and are choosing to get a higher rate of return through lending to Funding Circle. Others with surplus funds are simply sitting on profits as they are too nervous following the recession to invest and expand and do not wish to take money out of the business and pay a higher tax rate as a consequence. 

Audit work
There were attendees at every location who had withdrawn from audit – either because they no longer had the critical mass of audits to make the cost of audit work justifiable, or because they could not see the value of it for their clients. For those not doing audit work, it has become standard practice to outsource any audit work required to other firms. 

However, some practices are building up their audit portfolio by picking up audits from those exiting the audit field or from mid-tier firms, but it is seen as a specialist field of work now and those doing it are using software, often bespoke, to ensure the quality of their work.

Of the practices still auditing, staffing issues are a big concern. They fear a time when they will not be able to retain their audit status because they are unable to give the necessary audit hours to their trainees so that they can achieve auditing certificates.

HMRC experiences
There has been a further deterioration in the service received from HMRC and while much of this is similar to last year’s feedback (too few staff with insufficient training resulting in significant postal backlogs and inconsistency on the helplines) it has been compounded by changes in HMRC policies and incorrect advice given by HMRC advisers. The incorrect advice was, on occasion, felt to be unethical. Changes in HMRC policies, sometimes unannounced, have adversely affected practitioners. 

HMRC failings highlighted included incorrect penalty notices, incorrect coding notices, and problems with its smart phone system as it tries to move to greater automation. There is still only a self-assessment agent helpline although agent helplines for other areas are desperately wanted, and there is inconsistency over the use of emails which would greatly increase efficiency for practitioners. 

Many practices recruit a mix of graduates and school leavers but there is a definite bias towards school leavers now. Apprenticeships are now being taken on in most locations with a reasonable rate of success. In every location, recruitment was cited as being difficult with replacement semi-seniors particularly difficult to recruit. 

The Big Four were blamed for the shortage of audit and qualified tax staff because they stopped training during the recession. The quality of candidates is a concern and there is a surprising gap between qualification level and practical knowledge. Some locations have said that recruitment is their biggest concern. 

Unqualified accountants are a source of annoyance at best and competition at worst. There is still a strong desire for protection of the term ‘accountant’ but in the absence of that, they want education of the public. ACCA should consider a sustained press campaign would be a cost-effective way to educate the public. In addition, ACCA should also target banks and other important organisations and lobby them to recognise only qualified accountants. 

This year, Big Four practices were cited as a source of competition as they push for a share of the SME market by offering lower fees and automated self-service on the cloud. However, they are not expected to be able to offer the personalised service that SMEs require. Another potential threat is people thinking they can submit their own accounts and file their own tax returns without the help of an accountant by using accounting software.

ACCA products & services
ACCA UK’s Technical Advisory helpline and website continued to be the best known of ACCA’s services for practitioners and the best means for engaging with them. Practitioners welcome the free tools developed by the technical advisory team – such as model accounts – and would welcome others. They also feel the website could be easier to search and use. 

Practitioners are frustrated by the practising certificate renewal exercise. In a third of locations, they reported that every year they pay for their certificate renewals in October/November but do not receive the actual certificate until February. They incorrectly assume that until they receive their new certificate, they are signing off audit reports without a valid certificate. They are also displaying an out of date certificate on practice premises in sight of existing and potential clients. 

ACCA’s monitoring regime
The attendees were largely positive about ACCA’s monitoring regime but the ending of ACCA’s Quality Checked scheme was discussed with the majority of comments regretting the loss of what had been a valued scheme for practitioners. 

What could ACCA do to improve satisfaction?
Two main areas were highlighted: specialised or practical training, and global professional networking. 

Some attendees would like ACCA to regulate them for probate work, and train them on how to do overseas tax returns. For example, many attendees are called upon to do Spanish or USA tax returns and would rather do the work than have to farm it out. 

In the absence of being able to acquire the skills themselves, ACCA should facilitate global networking for advice in areas that they are not qualified for or knowledgeable on.

Other requests were for students to be required to gain basic bookkeeping skills through the examination process, and for ACCA to ensure that its practitioners have a greater awareness of the resources available to them. 

In the absence of protection of the term ‘accountant’, the best alternative is a sustained press campaign that promotes the use of qualified accountants. Practitioners were very supportive of last year’s brief campaign but a sustained campaign is necessary to educate the public. ACCA should target banks and other important organisations and lobby them to only recognise qualified accountants. 

Practitioners feel left behind other qualified accountants because ACCA neither trains nor regulates them for probate work. They would also like to acquire the skills to keep work such as overseas tax returns in-house. ACCA could pilot a training day where practitioners can learn about the US or Spanish tax system and how to complete a Spanish tax return.  

The economy is moving onto the cloud so ACCA should educate and encourage its practitioners to look at online accounting services and the cloud so that they can get ahead of their competition.

Small and medium sized practices diversifying for success
Versatility is key to small and medium-sized practices as they compete for survival says new report from ACCA.

Versatility is key to small and medium-sized practices as they compete for survival says new report from ACCA. 

The survey, named The Global SMP business model: understanding a changing profession, provides a unique insight into how the SMP business model is changing to adapt to a new reality. It is the first study to provide such a detailed map of the sector’s service offering, its growth prospects and the source and value of its diverse skills. 

Reacting to the findings, Rosana Mirkovic, ACCA head of SME policy says: ‘While at the global level, the SMP sector’s offering remains highly focused, with the core SMP offering still based on assurance, tax and compliance we can see that this core technical skill set is highly adaptable and transferable. 

‘A number of routes exist to higher value-added offerings and SMPs are actively exploring these. For example, there is growing interest across markets in helping clients design and monitor internal controls as global supply chains demand accountability and transparency. This trend is likely to continue with our survey showing that over 70% of SMPs are planning to introduce a new service over the next two years.’ 

According to Rosana Mirkovic, deregulation can spur on SMPs to innovate, and in doing so become more resilient, as she explains: 

‘It is a testament to the SMP sector’s resilience and adaptability that in countries where the impact of deregulation has been greatest, such as reduced reporting requirements and rising audit thresholds, practices have responded to this with innovation, radically expanding their service offering and exploring partnerships with other organisations. 

‘In the UK and Ireland, for example, the SMP service offering was twice as broad compared to practices in the Asia Pacific, with the typical practice offering more than 20 distinct services.’ 

Deregulation may be more advanced in Europe, but it is underway around the world, says Rosana Mirkovic: ‘Our survey shows that practices have responded to this trend by diversifying their services but we also see that for this to be sustainable, practices need to be very strategic about their investment in new services. There needs to be a strong emphasis on generating client growth, referrals and repeat business.’ 

Fortunately, moving into value adding services does not mean building an entirely new skill set, Mirkovic goes on to explain: ‘The core technical skills of an accountant are proving to be highly transferable and adaptable but planning and commercial discipline is required. The finance profession has a big role to play in helping SMPs meet this new challenge and as such there is much to gain from sharing insights and best practice across borders.’ 

The survey was conducted by ACCA, with support from the Institute of Singapore Chartered Accountants (ISCA); Corpul Expertilor Contabli se Contabililor Autorizati din Romania (CECCAR); Malaysian Institute of Accountants (MIA); Chinese Institute of Certified Public Accountants (CICPA); and Vietnam Association of Chartered Public Accountants (VACPA). It looked at the value-added services to SMEs (small and medium-sized enterprises) by professional accountants. 

Professionals who worked in practice in the UK, Ireland, Singapore, Hong Kong, China, Romania, Iran, Malaysia and Vietnam, were surveyed about their business models.

Read The Global SMP business model: understanding a changing profession now.


Insurers’ views on auto enrolment exposure and PII
We invited ACCA’s recommended broker Lockton to ask insurers for their views on how exposure to auto enrolment could affect your professional indemnity insurance cover.

We invited ACCA’s recommended broker Lockton to ask insurers for their views on how exposure to auto enrolment could affect your professional indemnity insurance cover. 

Q: How do insurers view accountants who operate payroll for auto enrolment contributions?
A: Insurers view this as a low risk activity as the accountant does not normally provide any advice. 

Q: How do insurers view general advice on the auto enrolment legislation?
A: Insurers would expect an accountancy firm to direct clients to the government websites explaining the client’s duty under the legislation. We would expect this work to be clearly noted in the scope of services or included in their retainer letter with their client. The scope of services should clearly state the activities being provided and whether or not (regulated) financial services/investment advice or specific tax advice is being provided in relation to auto enrolment legislation. Again, it should be clear whether the advice is to the employer or the director as an employee. ACCA has issued a template for engagement letters to be used when providing auto enrolment services. 

Q: How do insurers view assessing eligibility within the workforce?
A: There are very clear rules on who is eligible so we would expect this to be part of the general advice an accountant would give under their normal activities. 

Q: How do insurers view accountants who provide advice to their clients on available pension options?
A: If the accountant is signposting to the government’s NEST site only then this is considered as low risk. However, where an accountant advises their client on any scheme outside of the NEST arrangement, insurers are generally treating this as investment advice and this represents a higher risk. 

Q: Does the accountant need to be regulated by the FCA for auto enrolment advice?
A: Only when advising an individual and not the employer. 

Q: How do insurers view accountants assisting in the setting up of the pension?
A: If the accountant is assisting an IFA in the setting up of the pension by supplying employee payroll data this will be acceptable and considered as low risk. However, if the accountant is advising on the type of pension (other than NEST), this is moving into the type of advice generally provided by an appropriately qualified accountant or IFA and will be treated as higher risk investment advice. 

Q: How do insurers view accountants who submit information to the pension providers?
A: We would expect the appropriately qualified accountant or IFA to do this. However, if the accountant is supplying employee payroll data only this will be acceptable and in this scenario will be categorised as payroll. 

Insurers are currently in the process of updating their proposal forms which will identify the services provided in respect of auto enrolment. If an insured is declaring income relating to pension scheme selection (other than NEST), then this is likely to impact premiums. 

Footnote: This article represents the views of a number of insurers who Lockton have surveyed and is not to be regarded as advice (whether legal or otherwise) given by Lockton Companies LLP or the writer and cannot be relied upon by any reader of this article. By reading the article you agree that Lockton has no liability to you or any other party in relation to the same. If you have any concerns or queries about the subject matter of this article then please seek your own independent legal advice on the same. 

ACCA says: The insurance companies approach is very disappointing as clearly the regulators both agree that the activity is unregulated. ACCA is discussing the position taken by insurance providers with the Pension Regulator and its impact on auto enrolment, SMEs and accountants.


AOSS in beta testing phase
An update from HMRC on the beta trial of its Agent Online Self Serve tool.

An update from HMRC on the beta trial of its Agent Online Self Serve tool. 

The private beta trial of Agent Online Self Serve (AOSS) continues, with over 1000 agents volunteering to participate. Feedback from agents has suggested enhancements to the service. These include improved:  

  • views of PAYE liabilities and payments
  • clarification on the requirement for, and use of‎, Government Gateway and Agent Gateway ID.

There continues to be additional opportunities to provide on-going feedback following each use of the private beta service. 

The opportunity for agents to join the trial has now been extended to 11 December. HMRC will continue to promote participation in the trial with agents who have fewer than 200 employer PAYE clients. Ongoing ‎updates regarding the trial will be provided via the Tax Agent blog on GOV.UK. Information will also be provided to representative bodies to promote participation in the trial to their members. 

We are also looking into making the improvements to PAYE liabilities and payments, but this will take a few months to deliver. Over the next few weeks some new features for the private beta service will be launched for testing. These will include a new ‘agent’s tax account’ home page which will provide: 

  • access to current PAYE beta service for:
    • cleansing the client list, with new links to HMRC online services for PAYE
    • viewing a client’s PAYE liabilities and payments information, with new links to HMRC online services for that client
  • links to HMRC online services for SA, CT, VAT and other services that the agent is already enrolled for
  • links to HMRC online services for ‘authorise client’ and ‘register a client for new taxes’.

Once we launch the agents’ homepage, when an agent clicks on any of the links on the homepage, the new page will open using a new tab. In order to navigate back to the homepage, agents will need to click on the first tab. The journey back to the agent’s homepage will be refined over the next coming months. Current plans are to move the private beta service into public beta in the next few months.

2016 UK/Irish practising certificate renewals
You can renew your practising certificate online now.

You can renew your practising certificate online now. 

The 2016 renewal process is now underway. Members who hold practising certificates (and/or insolvency licences) valid in the UK or Ireland can renew them online now.  

How to renew online

For individuals
To renew online, simply log into your myACCA account – you will need your ACCA membership number and passcode to access this service.  If you do not have your passcode you can request help  

For firms
Firms’ renewals can also be submitted online. If you are the nominated contact partner/director you can renew by logging into myACCA using your firm’s ACCA reference number and passcode. This will be different from your own passcode. If you do not have your firm’s passcode you can request help  

How to pay
Submitting online is the easiest and most effective way of providing your renewal and payment information securely, and ensuring you hold a valid certificate from 1 January 2016. You can provide your credit/debit card details when completing your online renewal or you can select the ‘invoice’ option and we will send you an invoice for the fee once your renewal has been fully processed. Please ensure your payment is submitted no later than 31 December 2015. 

If you fail to submit your renewal, or pay an invoice raised in respect of a renewal, by 31 December 2015, you will be subject to a late renewal submission penalty fee of £65.00 in addition to the standard renewal fee and may become liable to disciplinary action.

Please don’t leave your renewal until the last minute – you can submit online now.

Further information
Before submitting your renewal online please read the guidance on our website  

If you require any assistance with your renewals please contact Authorisation via email or 0141 534 4175.

Get a job, post a job
We are excited to announce the re-launch of our newly designed ACCA Careers website!

We are excited to announce the re-launch of our newly designed ACCA Careers website! We have listened to the feedback from our students, affiliates and members and are constantly working to improve your online experience. The new ACCA Careers website has enhanced features and benefits, giving you access to the largest and fastest-growing global job board for aspiring and experienced ACCA finance professionals. 

Boost you career by creating your unique account. Once you have access, complete your account profile and upload your CV – this will make your profile more searchable for recruiters and employers, as well as supporting your career aspirations. 

Your success is our mission. Whether an ACCA member, affiliate or student, we’re by your side throughout your career. We’ll make sure you’re connected to the resources, education and employment networks you need so that you remain in demand. 

Get the most out ACCA Careers and create your account today.

Residential conference for practitioners
Our flagship CPD event for practitioners provides 14 units of CPD and focuses on the most recent technical developments facing those in practice.
20-21 November 2015
Radisson Blu, Derby
Fee: £409
Conference brochure

Book now

Taking place over a Friday and Saturday, this two-day conference minimises valuable time away from the office. Topics covered include:
  • accounting standards update
  • audit standards update
  • auto-Enrolment
  • corporation tax update
  • dealing with HMRC (know your rights)
  • employment law
  • personal tax update
  • specialist reporting
  • VAT update.
Webinars for practitioners
Benefit from a 50% discount on 2020 Group webinars.
ACCA has partnered with 2020 Group to provide online CPD for practitioners.

Practitioners can benefit from a 50% discount on a range of online CPD webinars from 2020 Innovation Group.

Complete your 2015 CPD requirements with this flexible learning at a convenient time for you. Choose from:

CPD webinars
  • Practice assurance and money laundering update 2015 - 13 November (10.00-12.00)
  • Tax issues for unincorporated businesses - 4 December (10.00-12.00)

Monthly tax update
  • 16 November (10.00-11.00)
  • 11 December (10.00-11.00)

Practice management and development
  • Practice management and development update - 23 November (10.00-12.00)

Professional development workshop - nurturing your top talent
  • Successful pricing skills for non-compliance services - 20 November (09.30-11.00)
  • Action planning for your personal development - 14 December (09.30-11.00)

Find out more and book your next webinar now
CPD events for practitioners
Details of CPD courses for practitioners on topics and times to suit you.
Alongside our flagship Residential conference for practitioners, we run a wide range of events for members in practice, including:

Saturday CPD Conference Three 
Sessions include:

  • UK GAAP Reporting
  • Summer Budget and Second Finance Act 2015
  • Self Employed Status and IR35 Issues and Planning
  • Pensions Update        

Dates and Locations 
31 October, Swansea 
07 November, Bristol 
28 November, Sheffield 
05 December, London C     

Autumn Update Conferences for Practitioners 

Accounting Conference - 14 November, London

  • Accounting Standards Update 

Taxation Conference - 5 December, London

  • Topical Tax Update
  • Property Taxes

Delegates may mix and match from the Saturday CPD Conference Three and Autumn Updates. 
1 conference                  £142
2 conferences                £130 per conference/delegate
3 or more conferences   £116 per conference/delegate  

Modular training programme - in partnership with 2020 Innovation Training Limited 

Holiday Inn Kings Cross, London 

The Modular Training Programme for practitioners provides the building blocks for you to create your own tailored CPD programme. You can choose the individual modules that interest you most or attend the full programme at a discounted rate. Modules include:

YouTube videos to help with auto-enrolment
New videos will help both business advisers and clients when it comes to choosing a pension scheme.

New videos will help both business advisers and clients when it comes to choosing a pension scheme. 

The Pensions Regulator has published a four minute video on YouTube which helps small employers choose a pension scheme. You can share this with your clients. 

Help for small employers with choosing a pension scheme

It has also published a longer (50 minutes) webinar auto enrolment for business advisers which provides comprehensive webinar on automatic enrolment for accountants, bookkeepers, payroll professionals and other business advisers. 

It also covers what your clients should do if they are a sole director or if the only other people working at the company are directors. 

Webinar: automatic enrolment for business advisers

For more information on automatic enrolment visit The Pensions Regulator’s website


Politics and parties
What did ACCA learn from attending this year's party political conferences?
Another year, another conference season, this year to sunny Brighton for Labour, and the Northern Powerhouse, Manchester for the Conservatives. As the mix of politicians, journalists, business representatives and the lobby headed off, several of ACCA’s team were there to represent our member and student views.

Rosalind Goates, public affairs manager, summarises ACCA's visits to Brighton and Manchester in a blog post Politics and parties - ACCA at the paty conferences
Have you seen our new, improved, members' website?
Review our 'beta' website and share your feedback to make it even better.

ACCA continues to roll out a revised ‘beta’ website for our members.

We started this process earlier this year and have been consulting with a wide cross-section of members throughout the process.

We have made some recent enhancements to the user journey and site structure, making it easier for you to find the content you want. You will now find all content related to CPD and AB magazine on the beta site, together with many of the other pages from the members channel on the homepage.

You can access the beta website at any time.

You can also give us your feedback at any time.

Please do take this opportunity to review the site and help us build a website you can be proud of.