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2024 marks the 20th year of Grant Thornton’s work to monitor and measure the proportion of women occupying senior management roles in mid-market companies around the world.

International Women’s Day serves as an important reminder to celebrate the achievements of women worldwide and support gender equality. Whilst there has been a shift in the business landscape, and progress should be celebrated, women continue to face barriers when seeking leadership roles. It is crucial for business leaders and organisations to play their part in clearing these obstructions.

Grant Thornton were involved in a significant workforce survey taken in the greater Dublin area, across five counties during the month of January 2022. The results provide a good overview of workforce challenges and sentiment at the moment amongst employers, and could be equally applicable to the greater Belfast area and Northern Ireland.

We’re an organisation of independent assurance, tax and advisory firms, made up of 47,000 people in 130 countries. And we’re here to help dynamic organisations unlock their potential for growth.

The New Year brings a chance to reflect, review and renew old habits formed, putting New Year’s resolutions into action. These resolutions, however, need not be confined to healthy eating and exercise, but should also extend to the way we run our businesses. Learning and development (L&D), for example, is a fundamental aspect of attracting and retaining talent, and could be a focus area for you in 2022.

Leading business advisory firm Grant Thornton has been announced as the new Associate Sponsor of the Belfast Telegraph Top 100 Companies, the must-read guide to Northern Ireland’s most profitable businesses.

The supply of services that are closely related to sport are mandatorily exempt from VAT if those services are provided by a non-profit making body. However, Member States may make the granting of the exemption subject to a number of conditions including a condition that the exemption must not be likely to cause distortion of competition to the disadvantage of commercial entities who are required to charge and account for VAT.

We begin this first edition of IFRS News 2017 by considering the ESMAs recent public statement on the implementation of IFRS 9 ‘Financial Instruments’. We then look amendments that the IASB has recently made to its Standards and some proposals which are in its pipeline.

Across a number of countries, the way internationally mobile employees are taxed is being shaken-up. This follows the G20/OECD-led Base Erosion and Profit Shifting (BEPS) Action Plan recommendations set out earlier this year.

The IASB and FASB have issued their new Standard on revenue recognition – IFRS 15 ‘Revenue from Contracts with Customers’ (ASU 2014-09 in the US). For companies with real estate development, property management or construction activities, IFRS 15 replaces several familiar standards and provides significant new guidance in a number of key areas.

Ambitious technology firms must pay attention to a country’s innovation tax regime. It will have important future effects for both innovation and talent as the business grows.

The wider hotel sector as we know it is shifting dramatically. There has been a flurry of multi-billion dollar M&A activity in recent months, as well as new entrants to the market. Looking further ahead, commentators look at technology giants such as Google and Amazon and ask if, or when, they will use their extensive consumer insight to further disrupt the sector.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Research has shown that there has been a discernible shift by Governments in the focus of taxation from direct to Indirect Taxes. Most Governments believe that Indirect Taxes have less of a negative impact on economic growth than direct taxes and VAT rate increases are viewed as less inflammatory than income tax increases.

This publication is designed to give Chief Financial Officers a high-level awareness of recent changes to International Financial Reporting Standards that will affect companies’ future financial reporting. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.

The IASB has postponed the effective date of its 2014 Amendments 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture –Amendments to IFRS 10 and IAS 28’. A new effective date has not yet been determined. Despite this change, the 2014 Amendments may still be adopted early if entities wish to do so.