Welcome to our Autumn edition of Capital Quarter – the newsletter for listed businesses and their advisors.
In this edition:
The Finance Act 2023 received royal assent in July. It introduces to UK tax legislation the first elements of the OECD Global Anti-Base Erosion (GloBE) rules: a minimum Corporation Tax rate of 15% for large multinational groups. Chris Riley, Head of our Tax team, identifies the implications and requirements ahead of 1 January 2024.
Cryptoassets have seen a meteoric rise is the past decade. Although the fundamental pillar of most cryptoassets is their decentralised nature, regulators across the globe have had to step in to ensure transparency and fairness where possible. In this edition, James Savage, Audit Director outlines these new measures.
The Government consultation on restoring trust in audit and corporate governance means stakeholders are focusing more on the make-up and oversight of audit committees. The FRC is consulting on this, and although initially directed at the FTSE350, it is likely to be extended to other entities in the future. Nick Joel a Director in our Capital Markets team, explains the key points and other areas of good practice.