Financials SIG
Financials SIG Chairperson:
The BASDA Financials SIG is being chaired by Kevin Misselbrook, Customer Services Director for Access UK Limited.
Financials SIG Aims and Objectives:
- This Specialist Interest Group has been set up to cover the following subjects:-
- OECD – eAudit – SAF-T
- HMRC VAT Specification – BSI PAS76
- HMRC Reverse Charge VAT
- HMRC e-VAT _ling – manual interventions
- International Financial Reporting Standard – IFRS
- Sarbanes Oxley – US listed companies
- ICAEW Accreditation
- OGC Core Accounting Systems Specification (CASS)
Financials SIG is engaging with:
HMRC, ICAEW, Companies House, plus tax and legislative bodies in the EU and world wide (e.g. OECD).
Financials SIG — who should get involved:
Any business software developer, or reseller, who has a product which handles accounting and finance. The breadth of the legislation covered by the Financials SIG means that all types of Financials software will have users who will be impacted and therefore will need to ensure their products can manage the legislation, reporting, and submission requirements being considered.
Financials SIG — Current Agenda and Successes:
Most recently the Financials SIG has been meeting with Senior HMRC officials to ensure the most effective and workable solution for the introduction of Reverse Charge for VAT.
Minutes from previous meetings are available on the members forum area: http://basda.ukplc.net/forum1/viewforum.php?f=6&sid=99db690e27ec179d98a4a59014d65b8a