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Tax | IR35: extending rules to the private sector

Mark Cawthron LLB CTA, tax writer at Croner-i, examines the fallout from government plans to extend IR35 intermediary rules to the private sector companies, examining the contradictory rulings at tribunal in the cases of Christa Ackroyd, MDCM and Jensal Software

28 Jun 2018

Finance | IASB consults on review of IAS 32 rules on equity reporting

The International Accounting Standards Board (IASB) is consulting on ways to improve the classification of financial instruments and equity in financial statements

28 Jun 2018

Finance | PRAG publishes updated SORP for pension accounting

The Pensions Research Accountants Group (PRAG) has revised the accounting framework for pension schemes with the publication of the Pensions SORP (Statement of Recommended Practice) 2018 to bring guidance in line with the latest version of FRS 102

28 Jun 2018

Finance | FRC to investigate Deloitte over SIG audit

The Financial Reporting Council (FRC) has launched an investigation into Deloitte’s audit of SIG plc, a UK supplier of specialist building materials to the European market, after the company revealed its profits for 2016 had been overstated by up to £3.7m

28 Jun 2018

Auditing

Corporate Governance

Audit Regulations

Image for dodwell jp whitter loses cis appeal supreme court

Tax | Dodwell: JP Whitter loses CIS appeal at Supreme court

Bill Dodwell CTA (Fellow), former partner and head of tax policy at Deloitte, considers the implications of JP Whitter's construction industry sub-contractor scheme (CIS) appeal loss at the Supreme Court

28 Jun 2018

HR | FRS 105 and disclosure – NEW CPD module

This month's exclusive Accountancy Daily CPD module covers disclosure requirements under FRS 105 Micro Entities Regime, covering true and fair views, law requirements and additional requirements for Irish micro-entities

28 Jun 2018

Business

Training & CPD

Image for fca introduces proposals help confused pension consumers

Finance | FCA introduces proposals to help confused pension consumers

Pension freedoms have left some consumers confused and in danger of making bad decisions, says the Financial Conduct Authority (FCA), who has published a consultation into proposed measures to protect pension holders

28 Jun 2018

Business

Pensions

Image for treasury prepares no deal brexit

Business | Treasury prepares for ‘no deal’ Brexit

The government is preparing contingency plans for the financial services sector in the event of a ‘no deal’ Brexit

28 Jun 2018

Business

Companies

Image for profit extraction how flexible are directors loans terms tax liability

Tax | Profit extraction: how flexible are directors’ loans in terms of tax liability?

Stephen Relf CTA ACA examines potential tax pitfalls for owner managed businesses when they use directors’ loans instead of conventional salary structures, from outstanding loans to repayment terms

27 Jun 2018

Business | Fund raising company director given lengthy ban

The owner of a marketing company that sold its services to charities has been banned from holding a directorship for nine and a half years

27 Jun 2018

Business

Called to Account

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Tax | Airlines hit out at New Zealand tourism tax

An international airline pressure group has appealed to the New Zealand government to abandon its controversial plans to introduce a NZ$35 ‘tourist tax’ for foreigners entering the country

27 Jun 2018

Finance | Government announces defined benefit pension consultation

The government has launched a consultation into how defined benefit pension schemes can be improved and better protected

27 Jun 2018

Business

Pensions

Image for jail lawyer who did not know tax fraud was illegal

Business | Jail for lawyer who 'did not know' tax fraud was illegal

A barrister who claimed he did not know non-payment of tax was against the law has been jailed for 18 months, following an HMRC investigation

27 Jun 2018

Business

Called to Account

Image for hmrc under investigation alleged breach data protection rules

Tax | HMRC under investigation for alleged breach of data protection rules

HMRC are under investigation by the Information Commissioner following a complaint that the tax authority has breached data protection laws by saving taxpayers’ voices without consent

27 Jun 2018

Tax

HMRC

Business | NAO claims £740m savings

The National Audit Office (NAO) last year saved taxpayers nearly three-quarters of a billion pounds, according to figures realised today in its annual report

27 Jun 2018

Business

Companies

Accountancy Firms

Image for tax data cgt data hmrc rates interest july 2018

Tax | Tax data: CGT data, HMRC rates of interest - July 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

27 Jun 2018

Tax

HMRC

Tax Planning

Image for marshall ifrs disclosure tips interim reporting

Finance | Marshall: IFRS disclosure tips for interim reporting

Andrew Marshall FCA, senior technical partner at KPMG, considers the impact of the latest IFRS standards, effective from 1 January, including IFRS 15 on revenue recognition and IFRS 9 financial instruments on this season’s interim reporting period, and highlights the key issues to consider

26 Jun 2018

Finance | Charity annual returns to report international funding sources

The Charity Commission is making changes to the charity annual return 2018 to improve transparency about overseas funding sources and revenue from non-UK donors

26 Jun 2018

Business | Government backs ethical procurement in wake of Carillion scandal

The government has announced new measures to allow smaller companies, co-operatives and social enterprises to bid for public sector contracts in the wake of the Carillion scandal

26 Jun 2018

Business

Companies

Accountancy Firms

Image for gig economy lights fuse pensions time bomb

Business | Gig economy lights fuse on pensions time bomb

Only a third of the self-employed UK workforce are paying into a pension despite the majority being deeply concerned about their ability to cope financially after retirement

26 Jun 2018

Leadership & Management

Image for performance metrics need provide reporting clarity says frc

Finance | Performance metrics need to provide reporting clarity, says FRC

Companies need to improve the way they compile performance metrics in their year end and interim reporting to ensure they reflect the needs of investors, says the Financial Reporting Council (FRC)

26 Jun 2018

Business | Economic trends: it is time to transfer defined benefit pensions?

Nathan Long, senior pension analyst at Hargreaves Lansdown, considers the pros and cons of defined benefit transfers for pension holders

26 Jun 2018

Business

Companies

Pensions

Image for tax free childcare available school holiday clubs

Tax | Tax-free childcare available on school holiday clubs

HMRC is reminding parents that they are able to use the tax-free childcare scheme to pay for holiday clubs after it was revealed that a third of parents (31%) feel stressed trying to arrange childcare for the school holidays

26 Jun 2018