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David Green: accounting for salary sacrifice lease cars under IFRS 16

David Green from Arlingclose explores how employers should account for salary sacrifice lease car schemes under IFRS 16, highlighting distinctions and implications for local authorities.

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We are frequently asked to advise on the accounting by employers for salary sacrifice lease car schemes under IFRS 16. These schemes involve the

Clackmannanshire Council has been warned to urgently address pressures in its finance team which have seen the authority fail to meet its accounts deadline for the last five years, posing a “significant risk” to its financial governance.

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