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15 March 2017

Dixon Wilson wins charity netball tournament

On Sunday 12th March the Dixon Wilson Netball Club (DWNC) competed in the first Look Good Feel Better (LGFB) Charity Netball tournament at the Copper Box Arena in Stratford, a former London 2012 Olympic venue.   DWNC sailed effortlessly through the early rounds of the competition, notching up four wins including an impressive 18-0 victory. The semi-final proved to be quite a…
08 June 2016

HMRC launches corporation tax consultations

HMRC have launched separate consultations on the tax deductibility of corporate interest expense, reform of the substantial shareholdings exemption and reform of CT loss relief.   The consultation on tax deductibility of corporate interest expense seeks views on the detailed policy design and implementation rules which could restrict the tax deductibility of the corporate…
27 May 2016

Dixon Wilson 7’s team reaches Plate Final

On 22 May a Dixon Wilson team took part in Neptune City Sevens, an annual rugby tournament specifically open to professional service firms within the City. The event is held in aid of Child Bereavement UK, and all team entry costs go towards this cause. Dixon Wilson were drawn into a group with Savills, Thomson Reuters, Saffery Champness and Standard Life, and after some exciting…
17 May 2016

FRS 105 to include LLPs and qualifying partnerships

The FRC has issued an amendment to FRS 105 to bring limited liability partnerships and qualifying partnerships within the scope of the micro-entities regime. For periods commencing on or after 1 January 2016 (although early adoption is permitted from 1 January 2015), LLP’s and qualifying partnerships will be able to prepare micro entity accounts subject to the micro entity…
09 March 2016

Citywealth Magic Circle Awards 2016

Dixon Wilson has been recognised by being shortlisted in two categories in Citywealth Magic Circle Awards 2016. The firm has been shortlisted for Accountancy Firm of the Year, and David Nelson has been shortlisted for Outstanding Individual of the Year.
13 February 2016

HMRC consultation on tax deductibility of corporate interest

The HMRC consultation follows the October 2015 release by the OECD of their best practice recommendations on interest expense. The OECD identified interest expense as one of the key areas where there is significant opportunity for base erosion and profit shifting (BEPS) by multinational companies. The three basic scenarios of concern to the OECD are: groups placing higher…
13 January 2016

IASB issues new Accounting Standard on leases (IFRS 16)

The International Accounting Standards Board has today issued a new accounting Standard on leases. The main change introduced by the standard is that leases will be brought onto the balance sheet, increasing the visibility of companies’ assets and liabilities. Short-term leases (less than 12 months) and leases of low-value assets are exempt from the requirements. The new standard…
19 November 2015

Review of taxation of employment-related securities options

In its September 2015 Employment Related Securities Bulletin, HMRC announced that it would hold a meeting to discuss the continuing uncertainty over the tax treatment of employment-related securities options, including many…
05 November 2015

HMRC publishes update on FRS101 and FRS102

The update to HMRC’s guidance follows the recent release of updated versions of FRS101 and FRS102 by the Financial Reporting Council in September 2015. The purpose of the papers is to assist companies with the tax implications of applying FRS101 (IFRS…