Housing Association Finance
The chapters on Pensions and Corporation Tax have been updated.
Pensions includes up-to-date information on departicipation debts in multi-employer schemes, such as the Social Housing Pension Scheme (SHPS) or Local Government Pensions Scheme (LGPS).
Corporation Tax changes include whole new sections on carried-forward losses and corporate interest restriction.
Financial Management and Corporate Governance
The following chapters have been added to the Financial Management and Corporate Governance stream: Modern Slavery Act 2015 and Governance, Standards and Ethics in Local Government.
The former offers an overview of modern slavery, outlines the content of the act and describes the role of local government in tackling modern slavery. The latter provides an overview of governance, standards and ethics in local government, including the key elements of governance and misconduct in public office.
The following chapters in the Pensions stream have been updated: Scheme Administration, Accounting, Audit, Risk Management, Other Public Sector Schemes and CIPFA Guidance. This reflects the latest developments in governance of the LGPS and recent CIPFA guidance.
A new chapter has been published on the Northern Irish Government, with specific detail on the provision of internal and external audit services.
Local Authorities and Similar Bodies VAT
The chapter on General Principles has been refreshed and updated to include new guidelines on Making Tax Digital, which includes new HMRC requirements and the exception of six-month deferrals.
There have also been updates made to the Fees and Charges and Land and Property Transactions chapters, outlining the latest in the case of National Car Parks Limited v HMRC and HMRC’s stance on the tax rating of cladding respectively.