Press releases

Contact our press office on +44 (0)20 3735 2434 or email prteam@aat.org.uk Lines are open Monday to Friday, 09.00 - 17.00, UK time. View our latest blog posts at www.aatcomment.org.uk

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Updated guidance on financial sanctions enforcement

From today, the Government has extended powers to act against those who don’t report information that could undermine UK financial sanctions.

All businesses, organisations and individuals have an obligation under financial sanctions regulations to report information which facilitates compliance. However, enforcement action could only be taken against firms or people in the regulated financial services sector who failed to report.

The extended powers, set out in new regulations, broaden enforcement to the following business areas from 8 August 2017:

Government confirms new timetable for Making Tax Digital

Making Tax Digital (MTD), the government’s £1.3bn investment programme for HMRC to become the most digitally advanced tax administration in the world has been given a new timetable today.

MTD will see the introduction of digital record keeping and quarterly updates for the majority of businesses, self-employed people and landlords. Under the new timetable:

AAT members: Government should increase minimum wage

AAT members say the Government should increase the minimum wage, scrap its five different rates and review naming and shaming non-complying practices.

AAT responds to new Government regulations around Money Laundering

AAT recommends the government consider that a grace period is granted to afford firms and individuals time to adjust to their new obligations.

EU referendum one year on: SME owners are divided on chances of Brexit success

  • 22 per cent of SME owners say initial response to Brexit has been positive for their business; 18 per cent have experienced a negative reaction
  • 40 per cent say they are optimistic that Brexit will ultimately be a success; 36 per cent are pessimistic
  • 28 per cent of SME owners feel no current leading political figure will act in their business’ interests

Accountants can add value in a tech-driven environment, say AAT members

Licensed members of AAT have reported that the future for the accounting profession is bright despite fears over the rise in automation.

The new Government and the tax landscape we can look forward to

After what started off as a nailed-on-certainty for the Conservatives, an election that was Theresa May’s for the taking, we have watched the gap between the two main parties inexorably narrow in recent weeks.

But, now that we know that the outcome has kept the Conservatives in power, albeit propped up by the DUP, what does the post-election tax-landscape look like?

Everything is up for grabs

AAT joins Association of Professional Political Consultants

AAT (Association of Accounting Technicians) today confirmed that it has been approved as the latest member of the Association of Professional Political Consultants (APPC).

AAT is the first accountancy body to be accepted as a member of the APPC and the first Awarding Organisation, too. 

The APPC is the regulatory and representative body for professional political practitioners. Its main role is to ensure the highest standards of honesty, integrity and professionalism amongst its members. 

AAG and AAT respond to Treasury money laundering consultations

AAT supports AAG's response to Treasury consultations on draft Money Laundering Regulations and the anti-money laundering supervisory regime.