09 August 2021

Configuration and customisation costs in a Cloud Computing Arrangement

The March 2021 IFRS IC update included an agenda decision on Configuration and Customisation (‘CC’) costs in a Cloud Computing Arrangement.

26 July 2021

Art. 8 of the EU Taxonomy Regulation in practice

This In depth provides a deep dive into the newly published Art. 8 Delegated Act and highlights the most relevant requirements for undertakings to fulfill their new disclosure obligations under Art. 8 of the Taxonomy Regulation.

14 July 2021

IFRS technical update video - Climate risk

In this PwC IFRS technical update webcast, Scott Bandura and Gary Berchowitz will take you on a deep dive into the IFRS financial reporting impacts of climate risk, and what companies should be thinking about now in their accounts.

28 May 2021

FRC publishes its thematic review on interim reporting

The FRC has issued its thematic review on interim reporting, which is one of its areas of focus for the 2021/22 inspection cycle. The review highlights the areas of good practice that it has observed in recently published interim reports, and it makes suggestions for improved reporting to meet the needs of stakeholders.

17 March 2021

State aid investigation into the group financing exemption of the UK controlled foreign company (CFC) regime

On 25 April 2019, the EU Commission announced the conclusion of its investigation into the group financing exemption of the UK CFC regime. The EU has determined that this regime represents unlawful State Aid by the UK Government. We understand that this decision will be appealed to the European Court of Justice (ECJ) but, in the meantime, HMRC has to collect the tax that has been allegedly underpaid.

10 June 2020 | Updated 10 September 2021

In the Spotlight - Eligibility for the Variable Fee Approach

IFRS 17, ‘Insurance Contracts’, specifies that some participating contracts should be accounted for using the variable fee approach (‘VFA’), to reflect that those contracts provide investment-related services which are integrated with insurance coverage, and that the entity receives a variable fee for those services.