| Manual | Page | Comments |
|---|---|---|
| Business Income Manual | Updated: BIM31020 BIM31025 BIM31029 BIM31045 BIM31050 BIM31055 BIM31080 and BIM31115 | Chapter 31000 of the BIM (Tax and accountancy) updated to reflect the introduction of New UK GAAP for accounting periods beginning on or after 1 January 2015 and for the latest accounting standards on various topics. Updates made to: • the meaning of ‘UK generally accepted accounting practice’ in order to include the FRS framework (BIM31020) • the meaning of tax and ‘international accounting standards’ (BIM31025) • state that all references in the guidance on ‘Tax and Accountancy: GAAP’ are to FRS 102 unless otherwise specified (BIM31029) • the guidance on the concept of ‘materiality’ for accounting purposes (BIM31045) • the guidance... |
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