SRA Accounts Rules: the first 500 days

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This on-demand title will cover the Accounts Rules promulgated by the SRA in November 2019, just in advance of the pandemic lockdowns. As things are now easing, they are asking firms to review their experience of the new, briefer, rules.

But what are they exactly? What impact have they had on your firm? What relaxations can we take advantage of under the new, much briefer, provisions? What should I be charging VAT on, now? What can, and should, I do about interest payments to clients? What of negative interest rates? What are the duties of the COFA now?

Learning objectives:

  • The thinking of the SRA behind the SAR 2019
  • The new briefer Rules in outline
  • The position in relation to VAT
  • What exactly is a ‘disbursement’?
  • NO banking facilities...ever!!
  • The new rules on interest
  • New duties in relation to clients’ own accounts
  • The improved position on Accountant’s reports
  • Relationship between the COFA and the Accountant
  • What are TPMAs? Should I open one?


Your CPD Certificate can be found in your Account.

Trevor Hellawell

CEO • ExL Practice Development

Trevor Hellawell is a solicitor and legal training and management consultant working with major law firms, local law societies, many legal training providers and other clients. Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently returning to the freelance arena, he was Head of Law Programmes at BPP.

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