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Business | Is ethnicity pay gap reporting regulation next?

Now that the gender pay gap reporting deadline has been and gone, people are calling for the same rules to be applied to ethnicity, says Suzanne Tanzer, reward manager at Croner, although this could prove to be more problematic

27 Apr 2018

HR | People in the news: Mazars, RSM, Wilkins Kennedy

In this week’s moves and appointments roundup, Mazars promotes two partners who first joined the firm as trainees, RSM gains a private client tax partner and a managing director joins its Edinburgh office, Wilkins Kennedy appoints a senior partner

27 Apr 2018

Business

Careers

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HR | Millennial interviews: the audit manager

This week Accountancy Daily speaks to Andrew Dean, an audit manager in Mercer & Hole’s London office, on the change in workload when becoming a manager and and the most important skill to have as an auditor

27 Apr 2018

Business

Careers

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Finance | Companies House alert about removing home address details

Companies House is alerting individuals to a change to the data suppression laws which will help them remove their home address from publicly available company documents

27 Apr 2018

Business | Grant Thornton launches management apprenticeship programme

Grant Thornton UK and specialist management training provider Activate Business School have formed a partnership to develop and deliver a leadership and management apprenticeship programme

27 Apr 2018

Leadership & Management

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| Revised governance code for smaller quoted companies

The Quoted Companies Alliance (QCA) has published its revised corporate governance code which is tailored for small and mid-size quoted companies in the UK and is designed to offer a practical, outcome-oriented approach to corporate governance

27 Apr 2018

Tax | Help to Save scheme to launch in October

Help to Save, the government scheme designed to support working people on low incomes to build their savings, which has been delayed from its original start-date, is to launch officially in October

27 Apr 2018

Tax

HMRC

Tax Planning

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Business | Gender pay gap reporting failures to be investigated

Companies who have failed to meet new gender pay gap reporting obligations could face investigations as early as June this year, MPs have been told by the head of the Equality and Human Rights Commission (EHRC)

27 Apr 2018

Tax | 69,000 first time buyers benefit from stamp duty change

The government’s move to abolish stamp duty land tax (SDLT) on properties under £300,000 has benefited 69,000 first-time buyers in the period up until 31st March this year, official statistics show

27 Apr 2018

26 Apr 2018

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Tax | HMRC Connect and tax investigations: what you need to know

HMRC Connect is a vast analytical tool creating links and patterns across millions of megabytes of data to identify recalcitrant taxpayers and close the tax gap. Rob Munro delves into the detail

26 Apr 2018

Finance | Marshall: too much disclosure in financial statements

Investors should not have to sift through excessive disclosures and poorly presented information to find the real value in financial statements, says Andrew Marshall, senior technical partner at KPMG

26 Apr 2018

Finance

Accounting Standards

Financial Reporting

Image for increased tax bill termination payments hits employers and employees

Tax | Increased tax bill on termination payments hits employers and employees

The tax and national insurance contribution (NIC) treatment of termination payments has always been an area which employers have struggled to deal with correctly, and over recent years HMRC has looked to simplify the rules, but the latest changes have made the process even more complicated, says Lee Knight is employer solutions director at RSM

26 Apr 2018

Finance | Volkswagen profits dip 3.6% after adopting IFRS 9

Automotive giant Volkswagen is the latest company to report a dip in profits in the first quarter of the year as a result of switching to a new IFRS 9 Financial Instruments to report derivatives

26 Apr 2018

Finance | Charity Commission calls for counter-fraud culture

The Charity Commission is urging charities to ensure staff maintain tight financial controls and challenge any concerning behaviour, after a study found lack of internal oversight, and placing excessive trust or responsibility in individuals, contributed to 70% of insider frauds

26 Apr 2018

Business

Charities

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Business | VAT fraud ends in jail for party boss

A North East businesswoman who forged invoices as part of a £87,000 VAT fraud involving her party businesses, has been jailed for failing to comply with an order to repay the money

26 Apr 2018

Business

Called to Account

Business | Third more businesses in financial distress since Brexit triggered

There has been a 33% hike in UK businesses reporting ‘significant’ financial distress since Article 50 was triggered a little over a year ago, with increased levels of financial distress being seen across all sectors and regions of the UK, according to research by Begbies Traynor

26 Apr 2018

Business

Companies

Accountancy Firms

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Tax | Online marketplaces to sign agreement tackling VAT fraud

HMRC wants all online marketplaces operating in the UK to sign an agreement to ensure their sellers understand the tax rules and to help tackle online VAT fraud and errors taking place on their platforms, with estimates suggesting a tax loss of between £1bn and £1.5bn in 2016 to 2017

26 Apr 2018

Tax | Tax data: CGT data, HMRC rates of interest - May 2018

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for March 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

26 Apr 2018

Tax | Committee questions HMRC’s willingness to investigate companies

The Treasury committee has addressed claims that HMRC refused to investigate Lycamobile as part of a French tax investigation which suspected the company of money laundering and tax fraud, with the committee questioning the tax authority’s willingness to investigate economic crime

26 Apr 2018

25 Apr 2018

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Business | Economic trends: inflation and the disappearing Phillips Curve

The lack of inflationary pressure is something of a puzzle for economists as conventional patterns based on the accepted theory of the Phillips Curve are not playing out as expected, explains George Buckley, chief UK economist at Nomura

25 Apr 2018

Business | Pensions regulator to take pub chain to court

The Pensions Regulator (TPR) has announced it is to prosecute the pub chain Samuel Smith Old Brewery (Tadcaster) and company chairman Humphrey Smith for failing to provide information and documents required for an ongoing TPR investigation

25 Apr 2018

Business | Yahoo fined $35m for failing to disclose cybersecurity breach

Web services provider Yahoo has been fined $35m (£16.5m) by the US Securities and Exchange Commission (SEC) to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts

25 Apr 2018

Tax | Nunn: extending tax relief on training costs

Yvette Nunn, director of Berkeley Associates, discusses the current HMRC consultation on whether tax relief on work-related training costs should be extended to the self-employed as the same service is being offered

25 Apr 2018

Business | One month to go until GDPR comes into force

Today marks the start of the final month before the General Data Protection Regulation (GDPR) comes into force, with the Association on Accounting technicians (AAT) providing five tips on what businesses should do if they have not taken any action to date

25 Apr 2018

Business | 38% of global business execs say corruption prevalent

Increased enforcement activity and the introduction of new corporate criminal liability laws have failed to dent the scale of bribery and corruption globally, which has shown no improvement since 2012, according to research by EY

25 Apr 2018

Business

Companies

Accountancy Firms

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Business | KPMG expands alliance with AI specialist

KPMG is to expand its global alliance with software development platform provider Appian in a push to create artificial intelligence (AI) services which improve business decision-making and compliance

25 Apr 2018

Business | IT director given jail sentence for £190K VAT fraud

An IT company director who made more than £190,000 of fraudulent VAT claims has been jailed for three years following an HMRC investigation

25 Apr 2018

Business

Called to Account

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Finance | Global securities regulator consults on audit committee good practice

The board of the International Organization of Securities Commissions (IOSCO), the global standard setter for securities regulation, is seeking feedback on its proposed good practices to assist audit committees in supporting audit quality

25 Apr 2018

Auditing

Corporate Governance

Image for oecd addresses excessive interest rate deduction mining multinationals

Tax | OECD addresses excessive interest rate deduction by mining multinationals

The OECD is inviting feedback on a draft practice note designed to help tax authorities in developing countries address profit shifting from their mining sectors via excessive interest deductions by multinationals

25 Apr 2018

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Latest news

Business | Is ethnicity pay gap reporting regulation next?

HR | People in the news: Mazars, RSM, Wilkins Kennedy

HR | Millennial interviews: the audit manager

Finance | Companies House alert about removing home address details

Business | Grant Thornton launches management apprenticeship programme

| Revised governance code for smaller quoted companies

Tax | Help to Save scheme to launch in October

Business | Gender pay gap reporting failures to be investigated

Tax | 69,000 first time buyers benefit from stamp duty change

Tax | HMRC Connect and tax investigations: what you need to know

Finance | Marshall: too much disclosure in financial statements

Tax | Increased tax bill on termination payments hits employers and employees

Finance | Volkswagen profits dip 3.6% after adopting IFRS 9

Finance | Charity Commission calls for counter-fraud culture

Business | VAT fraud ends in jail for party boss

Business | Third more businesses in financial distress since Brexit triggered

Tax | Online marketplaces to sign agreement tackling VAT fraud

Tax | Tax data: CGT data, HMRC rates of interest - May 2018

Tax | Committee questions HMRC’s willingness to investigate companies

Business | Economic trends: inflation and the disappearing Phillips Curve

Business | Pensions regulator to take pub chain to court

Business | Yahoo fined $35m for failing to disclose cybersecurity breach

Tax | Nunn: extending tax relief on training costs

Business | One month to go until GDPR comes into force

Business | 38% of global business execs say corruption prevalent

Business | KPMG expands alliance with AI specialist

Business | IT director given jail sentence for £190K VAT fraud

Finance | Global securities regulator consults on audit committee good practice

Tax | OECD addresses excessive interest rate deduction by mining multinationals