Business &amp; Accountancy Daily

Personal Tax

Tax Planning

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Business | Push for one third women on FTSE 350 boards

The government is backing a campaign renewing efforts to increase female representation in business leadership positions, which includes a call for FTSE 350 companies to have 33% women on boards by 2020, after new research showed progress in developing a talent pipeline has slowed

7 Jul 2016

Leadership & Management

Image for ey appoints 62 equity partners

HR | EY appoints 62 equity partners

EY has appointed 62 equity partners to its UK business, a third fewer than in the previous year, but says the appointments reflect its confidence in the future, despite what the firm describes as ‘these uncertain times’

7 Jul 2016

Leadership & Management

Image for scotland says uk wide apprenticeship levy undermines approach

Business | Scotland says UK-wide apprenticeship levy ‘undermines’ approach

The Scottish government has attacked plans for the new apprenticeship levy, claiming the UK government has introduced the proposals without consultation even though apprenticeship policy is devolved in Scotland, and saying it will consult on widening the scheme’s approach

7 Jul 2016

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Business | Inquiry into building preservation charity’s accounts

The Charity Commission has opened a statutory inquiry into Manor Building Preservation Trust Ltd, over concerns regarding the possible misuse of funds and assets belonging to the charity, which is involved with the preservation and restoration of listed buildings and owns property in the UK and the Ukraine

7 Jul 2016

Tax | What you need to know: annual tax on enveloped dwellings (ATED)

The introduction of annual tax on enveloped dwellings (ATED) could leave clients in a quandary unless they carefully assess their options, explains Mercer & Hole partner Liz Cuthbertson

6 Jul 2016

Property Tax

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Business | Call for dedicated cyber security budget

Half of all large multinational corporations think they should have a separate cyber security budget to tackle the growing threat from highly organised criminal attacks, according to research from KPMG and BT

6 Jul 2016

AI & Technology

Image for european commission plans tackle tax abuse and terrorist financing

Tax | European Commission plans to tackle tax abuse and terrorist financing

The European Commission has announced plans for a number of new steps to tackle tax abuse and boost tax transparency, including exchanging information on the beneficial owners of trusts, tighter oversight of tax advisors and developing a list of tax havens, in response to the issues raised by the Panama Papers investigation

6 Jul 2016

Tax Compliance

Law and Regulation

Image for messi handed 21 month sentence over tax case

Tax | Messi handed 21-month sentence over tax case

Footballer Lionel Messi has been sentenced to 21 months in prison after a Barcelona Court has found him guilty of three counts of tax fraud

6 Jul 2016

| KPMG first firm to appoint head of Brexit

KPMG has created a new role of ‘head of Brexit’, which will be filled by senior partner Karen Briggs, and is the first of the Big Four firms to announce a change to its executive leadership in response to the outcome of the referendum on EU membership

6 Jul 2016

Business | Businesses impacted by London’s housing shortage

London’s economy and businesses rely upon solving the housing shortage and high housing costs according to a report by Grant Thornton in partnership with Fifty Thousand Homes

6 Jul 2016

Leadership & Management

Image for oecd consults beps action plans profit attributions

Business | OECD consults on BEPS action plans on profit attributions

The OECD is consulting on two discussion drafts relating to element of its Base Erosion and Profit Shifting (BEPS) action plan, with regards to the attribution of profits to permanent establishments and revised guidance on profit splits

6 Jul 2016

Image for business secretary backs personal tax cuts

Tax | Business secretary backs personal tax cuts

Business secretary Sajid Javid has backed the Chancellor’s plans for a cut in the corporation tax rate, and called for reductions in the personal tax rate, in order to avert a potential downturn following the Brexit decision in the EU referendum vote

6 Jul 2016

Personal Tax

Politics

Image for marshall lack clarity over non gaap reporting

Finance | Marshall: lack of clarity over non-GAAP reporting

A lack of clarity over reporting of alternative performance measures is leaving investors and preparers alike confused, says Andrew Marshall FCA, senior technical partner at KPMG

5 Jul 2016

Finance

Financial Reporting

UK GAAP

Image for european commission kicks state aid spanish football clubs out play

Tax | European Commission kicks state aid for Spanish football clubs out of play

The European Commission has ruled that seven Spanish professional football clubs, including top teams Barcelona and Real Madrid, will have to pay back money they were given in breach of state aid rules, on the grounds this gave them an unfair advantage as other teams were not competing on a level playing field

5 Jul 2016

Business | Former Barclays employees guilty of Libor manipulation

Three former employees of Barclays Bank have been convicted of conspiracy to defraud in connection with a Serious Fraud Office (SFO) investigation into the manipulation of US dollar Libor, the global benchmark interest rate

5 Jul 2016

Called to Account

Image for over 15m have already renewed tax credits

Tax | Over 1.5m have already renewed tax credits

More than 1.5m people have already renewed their tax credits, with many choosing to go online, despite there still being four weeks left until the 31 July deadline

5 Jul 2016

Business | EY promotes 714 people to partner

EY have promoted 714 people globally to partner reflecting the firms continued growth, with a record percentage coming from emerging markets and an increasing proportion being female

5 Jul 2016

Image for mps slam failure collect ps19bn criminal confiscation orders

Business | MPs slam failure to collect £1.9bn from criminal confiscation orders

The government is collecting only a tenth of the amount it should from confiscation orders according to a highly critical progress report from the Public Accounts Committee (PAC), which says a lack of experienced financial investigators is undermining the regime designed to deprive criminals of the proceeds of their wrongdoing

5 Jul 2016

Image for accounting gamble sees directors disqualified

Business | Accounting gamble sees directors disqualified

Four directors of AMG Leisure Ltd, a company which traded in gaming equipment, have been disqualified for periods of up to 11 years, after an Insolvency Service investigation found it had breached the conditions of an invoice factoring finance agreement to the ultimate financial detriment of the provider

5 Jul 2016