Critical judgments are frequently raised as an issue by the Financial Reporting Council in its annual Corporate Reporting Reviews as they are not clearly identified or explained. Rachel Farris FCA CTA, Croner-i, summarises the requirements around judgments set out in IAS 1

The increase in the National Insurance contributions threshold came into effect from 4 July, cutting the tax by an average £330 per worker

Following complaints from the professional bodies, including CIOT and ICAEW, HMRC has defended its service levels and committed to further staff recruitment to improve service standards