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Russian businesses have been banned from using UK accountants and other professional services including management consulting and PR, in the latest raft of sanctions just announced by the UK government.
Sanctions on accountancy, consultancy and PR advice will not come into force for several weeks
In the light of international sanctions, ICAEW members are urged to look hard at any connections with Russia among their clients and perform careful due diligence.
Five leading companies have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments.
The UK government’s Levelling Up whitepaper sets out an ambitious vision for the future, but is based largely on existing initiatives and funding.