Companies (Accounting) Act 2017- Impact on Unlimited Companies
The main purpose of the Companies (Accounting) Act 2017 (“the 2017 Act”) is to transpose the provisions of the EU Accounting Directive (2013/34/EU) into the Companies Act 2014. The 2017 Act came into force with effect from the 9th June 2017 with the new accounting requirements applying in respect of financial years commencing on or after the 1st January 2017.
Changes to Superior Court Rules
The Rules have been amended to facilitate service of proceedings by registered post, with certain exceptions, and to enable parties to indicate their willingness to receive documents in the proceedings by email. Changes to the Rules of the Superior Courts on service of proceedings & entering appearance take effect from 27 November 2017.
GENERAL DATA PROTECTION REGULATION
The General Data Protection Regulation (GDPR) will come into force on the 25th May 2018. This will replace the existing data protection framework under the EU Data Protection Directive.
On the 10th of October 2017, the rate of stamp duty on property acquisitions on non-residential property was increased from 2%-6%.
The Importance of Making a Will
“In this world nothing can be said to be certain, except death and taxes”
(Benjamin Franklin) Read more