The following Corporate practice note Produced in partnership with Tessa Park of Moore Kingston Smith provides comprehensive and up to date legal information covering:
This Practice Note provides an overview of the main provisions of the Accounting Directive (2013/34/EU) and the Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 which transposed the requirements of the Directive into UK law.
The UK corporate reporting framework may be affected by Brexit. For further details of its impact, see Brexit—accounts and reports.
The EU Accounting Directive (Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC, referred to from here as the Directive) sets out a new regime for the form and content of annual financial statements, and has the fundamental objective of modernising and streamlining reporting requirements for the smallest entities (the ‘think small first’ approach).
The UK implemented the Directive through the Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (the 2015 Regulations). Companies are required to apply the new financial reporting framework (the New Framework) for financial years commencing on or after 1 January 2016. For financial years commencing on or after 1 January 2015 but before 1 January 2016, the directors of a company were able to choose either to continue with the existing financial reporting framework (the Previous
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Elements of the offence of perverting the course of justicePerverting the course of justice is a common law offence which can only be tried on indictment in the Crown Court. The elements of the offence are:•a person acts or embarks on a course of conduct•which has a tendency to•and is intended to
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
The rights preserved under the European Convention on Human Rights (ECHR), as set out in the Human Rights Act 1998 Sch 1, can be broadly divided into three groups:•absolute rights—which cannot be interfered with by the state or derogated from even in a state of emergency•limited rights—which may be
Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not
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