On 6 September 2017, the European Commission (“EC”) published a position paper setting out the main principles of the EU’s negotiating position regarding the treatment of intellectual property rights (“IPRs”) post Brexit. Key Proposals The EC proposes that the following general principles should apply post Brexit:

• The holder of any IPRs having a unitary character within the EU (“EU IPRs”) (such as European Union trade marks or registered Community design rights) should, where the EU IPR was granted before Brexit, be automatically recognised by the UK as the holder of an enforceabl

The decision from the Court of Appeal was handed down on 1 March 2017 and has confirmed that if a trust is created by an IVA that trust will continue in the absence of specific terms to bring it to an end. This is despite a debtor having received his certificate of discharge and confirmation that he has no liability to IVA creditors.

This year our survey report focuses on: · the key drivers of change in the transport sector over the next five years · where transport businesses see opportunities for investment and growth · the potential challenges ahead Click here for more.

Following the General Election, the Tory party has been left in a minority Government and is seeking a pact with the Democratic Unionist Party to achieve a slim Commons majority. Now that there is a hung Parliament, it seems that key decisions around the State retirement age, the State pension triple lock, social care funding and the potential increased scrutiny by the Pensions Regulator of defined benefit (DB) schemes may all take a back seat while the Government shortens its legislative programme and concentrates on Brexit issues.

The highlighted article this month is: Gender pay gap – new regulations come into force Of interest to all employers with more than 250 employees are the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations), which came into force on 6 April 2017. Large private and voluntary sector employers (defined as those with 250 or more employees on 5 April of each year) will be required to analyse the “gender pay gap” in bonuses and ordinary pay each April, and publish a report no later than 4 April 2018, and annually thereafter.

The IASB discussed its forthcoming exposure draft (ED) on symmetric prepayment options at its February meeting. Since the ED is narrow in scope and urgent, the Board agreed on a 30-day comment period for stakeholders rather than its customary 120 days. Click here for more.

n February, the IASB addressed issues arising from the feedback it received from the external testing and drafting process of the forthcoming insurance contracts standard (draft IFRS 17). It made decisions on a level of aggregation exemption, recognition of changes in estimates and the release of the CSM, as well as other sweep issues. Click here for more.

When measuring expected credit losses under IFRS 9 for revolving credit facilities, such as credit cards, determining the period of exposure presents challenges. At its February meeting, the IASB discussed a summary of the requirements of IFRS 9 that apply to this issue, highlighting three factors that entities are required to consider when determining the period of exposure.

Our Guide to annual financial statements – Illustrative disclosures for banks under IAS 39 helps you to prepare your financial statements in accordance with IFRS, illustrating one possible format for financial statements based on a fictitious banking group. This guide reflects standards in issue at December 31, 2016 that are required to be applied by an entity with an annual period beginning on January 1, 2016. The guide also provides expand

The implications of the new revenue standard can be pervasive, impacting everything from EBITDA to systems and processes. But it does present opportunities, too. In our latest blog post, one of KPMG’s leading providers of IFRS accounting advice lists 10 reasons why CFOs should be worried and his tips for avoiding potential problems. Click here for more.