When it comes to Value Added Tax (VAT) in the UK, the rules surrounding recovery of input tax can be complex, particularly for businesses that engage in both taxable and exempt activities. Understanding partial exemption is critical for ensuring compliance and maximising VAT recovery. This article explores what partial exemption means, how to calcu

In the complex world of banking, maintaining financial stability and operational efficiency is paramount. Financial control processes ensure that banks operate within legal frameworks, adhere to internal policies, and protect their assets. Standard Operating Procedures (SOPs) are the backbone of these financial control processes, providing a clear

In today’s volatile financial landscape, effective risk management and strategic planning are crucial for business success. One of the most powerful tools for achieving these objectives is Asset and Liability Management (ALM). ALM focuses on aligning a company’s assets and liabilities to optimize performance, manage risks, and achieve long-term