The voice of the FTSE100 CFOs
Leaders In FinanceOur member companies represent around 90% of the market capitalisation of the FTSE 100. We employ around 6% of the UK workforce and have, for over a decade, consistently delivered more than 10% of the total UK Government receipts through UK taxes paid and generated by our business activities.
By engaging on domestic and international finance and regulatory matters we work to promote the UK as a competitive choice for investment and support long term economic growth.
Consultation Responses
OECD Pillar two response
2 December 2019, OECD Public Consultation Document: Global Anti-Base Erosion Proposal Pillar Two The 100 Group Tax Committee submitted a response to the OECD public consultation on Global Anti-Base Erosion Proposal Pillar Two.
Letter to DPOC on IFRS 16 IFRIC Deicsion
29 November 2019, The FR Committee has written a letter to the DPOC raising significant concerns with the approval of the IFRIC’s tentative agenda decision not to amend IFRS 16 following a query raised to the interpretations committee concerning lease terms.
Letter to IASB DPOC on IFRS 16 IFRIC decision
Letter submitted to IASB DPOC on IFRIC agenda decision not to amend IFRS 16
2019 Total Tax Contribution
27 November 2019, UK’s biggest listed firms generate £85bn in tax despite slowing economy ● 100 Group firms generate nearly 12% of total UK Government tax receipts in 2018/19 ● All the taxes paid by companies equivalent to more than 40% of their commercial profits ● Capital investment increases to £26.8bn – up nearly 10%…
OECD Pillar One Response
11 November 2019, OECD Public Consultation Document: Secretariat Proposal for a “unified Approach’ under Pillar One The 100 Group Tax Committee submitted a response to the OECD public consultation on Secretariat Proposal for a “unified Approach” under Pillar One.
100 Group Brexit Statement
100 Group Brexit Statement, 17 October 2019 At a time of rapid change for UK business, we welcome today’s announcement that progress has been made in agreeing with a Brexit deal with the EU, offering the potential opportunity to provide much-needed certainty and confidence in the UK economy for the UK business. The 100 Group…
OECD Public Consultation Document: Secretariat Proposal for a “unified Approach’ under Pillar One
OECD Pillar One Consultation Response
FRC consultation updates to Ethical and Auditing Standards 2019
FRC consultation response on updates to Ethical and Auditing Standards 2019
Response to FRC consultation on Ethical and Auditing Standards 2019
27 September 2019, The 100 Group Financial Reporting Committee submitted a response to the FRC’s consultation on updates to the Ethical and Auditing Standards 2019. There were two key areas to note: The list of permissible services need to be clear and concise Any changes should not unnecessarily further diminish competition in the audit market