Business &amp; Accountancy Daily

Image for abolishing class 2 nics implications self employed taxpayers

Tax | Abolishing Class 2 NICs: implications for self-employed taxpayers

The plan for a zero-rate band for national insurance contributions (NICs) for the self-employed raises when Class 2 NICS are abolished raises tax compliance issues around the contributory element, says Meg Wilson CTA, tax writer at CCH

24 Mar 2016

Business | Auto enrolment pensions: essential tips and advice for small business

As auto enrolment pensions are rolled out to even the smallest businesses in the UK with less than nine employees, Clare Abrahams, head of auto enrolment at Aon, provides an essential action plan packed with tips and hints on how to ensure your AE plans run smoothly

24 Mar 2016

Image for ots review corporation tax nics and look through system

Tax | OTS to review corporation tax, NICs and ‘look-through’ system

The government is to implement the majority of changes to small business taxation recommended in a review carried out by the Office of Tax Simplification (OTS), but is calling for further work to review the possibility of providing the self employed with limited liability for their assets

24 Mar 2016

Tax | Finance (No. 2) Bill 2016 published

The Finance (No. 2) Bill, running to over 500 pages, has been published today, bringing into effect the changes announced in the Chancellor’s recent Budget, with the legislation due to receive Royal Assent in July following debate in parliament

24 Mar 2016

Business | PwC lines up candidates to succeed Ian Powell as senior partner

PwC has begun the process of electing a new UK chairman and senior partner to succeed Ian Powell, who steps down at the end of June, with four candidates from the firm’s executive board putting their names forward for consideration

24 Mar 2016

Accountancy Firms

Image for osborne defends sugar tax treasury select committee

Tax | Osborne defends ‘sugar tax’ at Treasury select committee

Chancellor George Osborne mounted a strong defence of the proposed new sugar tax when he appeared in front of the Treasury select committee to discuss last week’s Budget

24 Mar 2016

Tax

Business Tax

Budget

Image for scottish devolved tax powers enshrined law 0

Tax | Scottish devolved tax powers enshrined in law

The Scotland Act has received Royal Assent and now becomes law, offering wider devolved powers and paving the way for the Scottish government to set income tax rates and thresholds

24 Mar 2016

Business | People in the news: Creaseys, Deloitte, RSM, Change Recruitment

In the latest career moves and promotions across the world of tax and accounting, Creaseys, Deloitte and RSM hire partners and confirm internal promotions, while accounting recruitment specialist, Change Recruitment Group, strengthens specialist team

24 Mar 2016

Accountancy Firms

23 Mar 2016

Image for airswift merger highlights jurisdiction issues over asset based lending

Finance | Airswift merger highlights jurisdiction issues over asset-based lending

When Air Energi and Swift Technical merged to form Airswift, a $1.2bn turnover global business providing workforce solutions to the oil and gas sector, cross-border financing issues were an important consideration in the merger process, say Alex Dell and Charles Thain of law firm Mayer Brown

23 Mar 2016

Tax | HMRC clarifies gift aid rules for family donations

Following confusion over gift aid donations, HMRC has issued a clarification on the tax relief status of online donations to charity websites with messages signed by more than one person

23 Mar 2016

Tax | Editor's comment: Budget sting in the tail

In a Budget slanted towards smaller businesses and measures to boost growth, the fallout from unexpected decisions to slash a third off capital gains tax and increase the higher rate threshold left the Chancellor struggling to defend his position, says Sara White, editor, Accountancy

23 Mar 2016

Tax

Tax Planning

Budget

22 Mar 2016

Tax | Budget 2016: what you need to know about tax rates and reliefs for business

In a Budget pitched for business, Accountancy analyses the key measures including capital gains tax cuts, a clampdown on disguised remuneration EBT-style schemes and increased SDLT for commercial property transactions

22 Mar 2016

Tax | OECD director called up before MPs on MNC use of tax profit shifting

As part of the ongoing investigation into the use of profit shifting by multinationals to offset tax liabilities, the All Party Parliamentary Group (APPG) on responsible tax, chaired by Dame Margaret Hodge MP, has called up OECD tax chief to give formal evidence at a session

22 Mar 2016

Tax | European Commission asks for second bite of Apple tax deal details

Ireland has been asked to provide more details about the country’s tax deal with Apple by the European Commission, which has spent more than two years investigating whether the arrangements with the technology giant broke the rules on EU state aid

22 Mar 2016

Tax

International Tax

Tax Planning

Image for draft finance bill due 24 march

Tax | Draft Finance Bill due 24 March

The draft Finance Bill 2016 is due to published this week, on Thursday 24 March, and is scheduled to be given Royal Assent in July 2016

22 Mar 2016

Finance | First BSI standard for management accounting

The British Standards Institute (BSI) has published the first standard for management accounting, which has been sponsored by CIMA and is designed as a best-practice guide and framework

22 Mar 2016

Finance

Financial Reporting

Law and Regulation

Image for treasury launches women finance diversity charter

Business | Treasury launches ‘Women in Finance’ diversity charter

The Treasury is urging leading banks to sign up to a new government charter designed to increase female representation at senior levels across the sector, which includes advice that senior executives’ pay should be linked to gender balance targets

22 Mar 2016

Companies

Accountancy Firms

Image for residential property transactions 55 ahead sdlt surcharge

Tax | Residential property transactions up 5.5% ahead of SDLT surcharge

Tax changes due to take effect in April, when there will be an additional 3% stamp duty land tax (SDLT) on the purchase of a second home, are having an impact on the market according to the latest HMRC figures on UK property transactions, which show there was a 5.5% increase in the number of residential property transactions between January and February

22 Mar 2016

Business | PAYE evader to pay £800k or face more jail time

A businessman from Reading, who failed to handover more than £1m in PAYE and national insurance contributions (NICs) from his workers’ pay packets, has been ordered to repay criminal profits of £884,023, within six months, or remain in prison for a further six years in addition to his original sentence

22 Mar 2016