Annual accounts extension
Provision passed within the Coronavirus (Scotland) (No. 2) Bill.
A provision has been passed within the Coronavirus (Scotland) (No. 2) Bill that sees the deadline within which Registered Social Landlords must provide their annual accounts to the Scottish Housing Regulator extended from six to nine months from the end of the landlord’s financial year.
Some SFHA members were experiencing difficulties in preparing for audits and finalising annual accounts due to an inability to carry out stocktakes and access documentation during lockdown. This small technical change will allow RSLs to fulfil this obligation and is welcomes by SFHA.