Audit Threshold


S

Steven Sharp

Hello,

I've heard the audit threshold is going to go up to £5.6m, but not when. Does
anybody have any more details or know where I could find them please?

Thanks,

Steven
 
A

Alan Secker

It was announced on 19th but none of the notices I read
mentioned a start date, only that the consultation was over.

Alan secker
 
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J

John Pointon

Alan said:
It was announced on 19th but none of the notices I read mentioned a
start date, only that the consultation was over.

Alan secker
All the announcement stated was that the new threshold is expected to
come into law "in January 2004". See
http://www.wired-gov.net/EDP8203R7W/WGArticle.asp?WCI=htmArticleView&WCU=ARTCL_PKEY=21024
.. Presumably the vagueness is designe to cater for any delays in getting
the requisite legislation through Parliament.





John Pointon
Accountant, Tax Consultant
"In business to grow your business".
 
P

Paul Garbett

John Pointon said:
All the announcement stated was that the new threshold is expected to
come into law "in January 2004". See
http://www.wired-gov.net/EDP8203R7W/WGArticle.asp?WCI=htmArticleView&WCU=ARTCL_PKEY=21024
. Presumably the vagueness is designe to cater for any delays in getting
the requisite legislation through Parliament.





John Pointon
Accountant, Tax Consultant
"In business to grow your business".
According to bumph we had through from 2020, they were suggesting year ends
after 31.1.04 - may be worth extending some 31.12.03 year ends forward....
 
P

Peter Saxton

According to bumph we had through from 2020, they were suggesting year ends
after 31.1.04 - may be worth extending some 31.12.03 year ends forward....
Shouldn't that be backward? Both can seem right depending on your
perspective but is there an "official" version?
 
M

Martin

On Wed, 26 Nov 2003 20:20:18 -0000, "Paul Garbett"

According to bumph we had through from 2020, they were suggesting year ends
after 31.1.04 - may be worth extending some 31.12.03 year ends forward....
Shouldn't that be backward? Both can seem right depending on your
perspective but is there an "official" version?

Is that perspective of English meaning, or perspective of whether or not an
extra year's audit fee can be charged? ;-)
 
J

Julia Sinclair

Pradip THAKAR said:
The turnover threshold above which an annual audit of a company is
required, was expected to be increased from £1m to £5.6m to take
effect from January 2004 according to the website www.rileycom.co.uk
 
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