Join us in person on Tuesday 17 June in the heart of the City at Events @ No 6 for our upcoming Broking Breakfast event. Our industry experts will review the impact of FRS 102 changes on revenue recognition and the impact on EBITDA, share insights from our most recent bilateral meeting the FCA, and highlight common VAT issues that often confuse brokers and MGAs.
The impact of FRS 102
The upcoming changes to FRS 102 will include a new model of revenue recognition which will potentially have a big impact on insurance intermediaries. KPIs such as revenue, EBITDA and working capital may change, potentially impacting bonus arrangements, loan covenants and business valuation. Satya Beekarry will help you evaluate the impact of the impending changes on your financial reporting and your business – and discuss why it’s important to start planning for this now.
VAT traps
VAT specialist Irfaan Abdool Wabh will highlight frequent areas of confusion for brokers and MGAs, including:
- The importance of VAT in the insurance sector – common pitfalls and wider opportunities to increase cash flow
- Areas of increased HMRC activity and focus
- Update and reflections on post Brexit group planning
- The VAT recovery opportunity following the Hastings 2 decision.
CASS 5 and deauthorisations
And finally, Charles Drew, will share the latest insights from the FCA following PKF’s recent bilateral meeting with the regulator on CASS 5 developments, and give an update on the preparation of cancellation letters to explain how firms can prepare for a simplified and efficient deauthorisation process.
Event information
Date – Tuesday 17 June 2025
Time – Arrival and refreshments from 8:30am
Briefing from 9:00 until 10:00am
