Business & Accountancy Daily

Latest news

1 Aug 2016

Tax | HMRC must cut delays in supplying work history records

MPs are calling on HMRC to make more effort to reduce delays in supplying work history records to workers seeking compensation from historic employers over claims relating to occupational diseases particularly from asbestos related illnesses 

Finance | Editor's comment: not just a clerical error

The recent quarterly results update from Marks and Spencer contained a so-called 'clerical error' which meant the figures showed growth rather than continuing declining falls as the data had been incorrectly consolidated. Sara White considers whether there are enough checks and balances in place to prevent this in future across listed entities

Tax | Tax updates: August 2016

In this month’s review of tax cases, Spurs FC beats HMRC over transfer payments, group relief denied over receiver’s appointment over Kelucia subsidiary, amendments to company tax returns upheld in Spring and trouble with intermediaries rules and liability for employers, reports Sharon Khin

Tax | OTS consults on revised small company taxation models

The Office of Tax Simplification (OTS) is seeking feedback on two discussion papers looking at different approaches to small company taxation, namely a ‘look-through’ approach to accounting and the introduction of a Sole Enterprise with Protected Asset (SEPA) model, both of which it says could reduce complexity

Tax | Employment tax updates: August 2016

David Heaton FCA CTA, David Heaton Tax Ltd on RTI systems rejecting the latest national insurance number codes, revised guidance on contractor loans, Basic PAYE Tools, student loan start notices, changes to the proposed legislation on the apprenticeship levy

| Audit updates: August 2016

In our monthly roundup of developments in audit and governance, highlights of the EU audit regulation and directive (ARD), decline in audit firms by 4.6%, BHS auditor faces scrutiny

Tax | Consultations Aug-Sep 2016

A roundup of current consultations from HMRC, including tax deductibility of corporate interest expense, Double Taxation Treaty Passport (DTTP) scheme, corporation tax loss relief legislation, proposal to amend landfill tax, secondary adjustment rule into the UK’s transfer pricing legislation

Tax | VAT updates: August 2016

Graham Elliott, director, City & Cambridge Consultancy on going concern for non-established persons, transfer of going concern via VAT groups post IMS, non-regulated welfare supplies

29 Jul 2016

| Treasury jumps onto the cat bandwagon

Gladstone the cat has acquired a new home at the Treasury as the newest arrival of the Whitehall mouse patrol, alongside fellow felines Larry in Downing Street and Palmerston in the Foreign Office
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