WHITEHALL

Whitehall offers three-year IFRS 9 override

The Government has proposed introducing a three-year statutory override of new rules that change the way councils treat investments in their final accounts.

article-author
By Dan Peters | 25 July 2018

The Government has proposed introducing a three-year statutory override of new rules that change the way councils treat investments in their final accounts.

Councils have been battling to persuade the Government for a permanent override because they believe the implementation of IFRS 9 will have an ‘unintended negative impact' on local authority revenue accounts, with fears they will have to keep back extra cash or make cuts.

Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
  3. Commissioners not ruled out despite envoy appointment
  4. Woking's debt hits £2.1bn

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
  3. Commissioners not ruled out despite envoy appointment
  4. Woking's debt hits £2.1bn
footer-logo

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408