Business & Accountancy Daily

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Tax | Tax compliance checks: what you need to know

HMRC has numerous powers to check a business’ tax position. This can include VAT assurance visits or enquiries into self assessment tax returns or stamp duty land tax (SDLT) for land transactions. Checks are usually undertaken after a submission of a return but pre-return checks can be undertaken if HMRC believes there is a tax risk, but you need to be prepared to face the tax authority

5 May 2017

4 May 2017

Finance | FRC to investigate KPMG audits of Rolls-Royce

The Financial Reporting Council (FRC) is to investigate KPMG over its auditing of the Rolls-Royce Group, after the manufacturer agreed to pay some £500m to the Serious Fraud Office (SFO) earlier this year as part of a deferred prosecution agreement (DPA) relating to bribery and corruption claims, the highest ever enforcement action against company in the UK for criminal conduct

Tax | MEPs vote to reduce VAT on e-books

Plans to allow EU member states to reduce the VAT charged on e-books have moved a step closer, after a committee of MEPs voted in favour of the proposals to bring the VAT rates for printed and online publications into line
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