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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

DCLG consultation on proposals for impairment charges in the HRA 23/06/2016 Labelled as Consultation

As part of the Housing Revenue Account (HRA) self-financing settlement in 2012, substantial changes were made to the accounting treatment of capital assets in the HRA. The DCLG has issued a consultation on proposals for treatment of "impairment charges" in the HRA. 

 

View the consultation paper.

 

A five year transitional period was put in place to help local authorities manage the impact of these changes by allowing them to "reverse out" impairment charges.

 

This consultation contains proposals on how these items should be treated in the HRA after the transitional period ends in March 2012. It proposes to:

 

  • Continue to allow impairment charges to be "reversed out" of the HRA following the end of the transitional period.
  • Extend the principle to non-dwelling assets in the HRA from April 2017.
  • Confirm that depreciation should be charged to the HRA in accordance with proper accounting practices.

 

The consultation period ends on Friday 8 July 2016.

 

ARCH is interested in the views of its members on this issue. If your council intends to submit a response, please copy your response to Matthew.Warburton@arch-housing.org.uk

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