In this month's roundup of cases and disqualifications, company bosses jailed over £360k tax fraud, jet-setting tax fraud couple to repay £350k, businessman sentenced for £180k tax fraud
In its response to the Competition and Markets Authority (CMA) review, Deloitte has called for an audit market share cap to address competition issues and a ban on firms selling non-audit services to audits clients
KPMG is reportedly to become the first Big Four firm to cease non-audit work for FTSE 350 clients, according to leaked letter to its 625 UK partners, in a move intended to put it ahead of greater regulatory oversight
A report from the ACCA has found that emotional intelligence and a well-rounded skillset are vital if accountants are to thrive in what is increasingly a tech-driven field
Lord Forsyth has written to the Chancellor on the subject of the changes to offshore time limits, expressing misgivings about the lack of consultation at early stages and the impact it will have on honest taxpayers
From 1 April 2019 the name of all charity trustees will have to be displayed to the public on the charity register, unless a dispensation has been granted
Career news this week includes RSM appoints a restructuring director in Bury St Edmonds, a partner joins UHY Hacker Young’s turnaround and recovery team, BDO promotes 900 staff across the firm
The development of artificial intelligence (AI) has resulted in accounting firms prioritising human skills over technical knowledge when recruiting candidates, according to research from Reed Finance
HMRC research has found that the main reason individuals set up trusts is to reduce their inheritance tax (IHT) liability through the use of the nil rate band although tax advisers disagree stating that trusts are not set up primarily for tax reasons
Our essential snapshot of the key measures announced in Budget 2018, Spring Statement 2018 and Autumn Budget 2017, including digital services tax, SDLT first time buyers relief extension, amendments to diverted profits tax, off payroll working rules in the private sector reformed
Andrew Marshall FCA, senior technical partner at KPMG UK, examines the impact of IFRS 16 on the retail sector examines how the new accounting rules, effective from 1 January 2019, affect lease terms and payments, discount options, and sale and leaseback
The lack of certainty on Brexit, far less the customs union, is leaving companies in a state of limbo. Nicholas Hallam, CEO of Accordance VAT considers the future VAT compliance options for distance sellers
Yü Group plc has called in PwC to conduct a forensic review following accounting irregularities at the AIM-listed supplier of gas and electricity to UK businesses
The government has issued draft legislation to amend the filing exemptions for companies and limited liability partnerships (LLPs) ahead of the UK leaving the EU, but refers to 'exit day'
Workiva provides a checklist of essential features to look for in technologies that can power your own finance transformation to support faster, more accurate financial planning and reporting
The relief of pension fund participants from unevenly-applied VAT charges on contracted management services has been called for by an EU pension representative and a Brussels-based advocacy group, who criticise the lack of 'political willingness'
Around 22,000 tax-free childcare payments have been delayed by up to one week, following an issue with HMRC’s payment system, resulting in some parents facing late payment fees from childcare providers
Changes in the Finance Bill will mean that the increase in the Annual Investment Allowance (AIA) will have an adverse effect on small businesses who do not meet the spending requirements by 31 December 2020
HMRC has published a 12-week consultation reviewing the taxation of trusts to determine how its tax policy can be made more transparent as well as whether reform is needed to encourage uptake but discourage the abuse of non-resident trusts for tax avoidance purposes
Research conducted by the University of Oxford suggests that raising the tax on meat by 80% could prevent nearly 6,000 deaths a year and save the NHS more than £734m
Nigel Davies, joint chair of the Charities SORP committee, sets out the context of the committee’s goal to both keep the SORP current and further develop charity reporting and accounting to include the concerns of the public
When Unilever decided to keep its global headquarters in the UK, many jumped on the decision as a boost for Brexit but tax jurisdiction matters are the more likely reason. Andrew Oury, partner at Oury Clark, considers the tax issues
The Treasury is going ahead with plans for a 2% tax on large online multinationals from 2020, including social media and search engine companies, to raise over £600m by 2022
The independent general anti-abuse rule (GAAR) advisory panel has issued two rulings setting out its views on abuse of employee and contractor loan agreements which are used to reduce tax liability
Following a consultation on addressing tax compliance for those who use online platforms for selling, HMRC is to enhance its guidance and is working with international agencies to improve data collection from platforms hosted overseas
The government is planning to review the complicated process for amending tax returns to make it more transparent and easier for taxpayers to use, with a possible move to a single digital tax amendment service
CIOT has expressed concerns about the way that last week’s Budget was delivered, noting the lack of prior consultation and the number of measures announced as completed with little opportunity to explore their scope and operation
The Department for Work and Pensions (DWP) is consulting on proposals for collective defined contribution (CDC) pension schemes, first outlined at Budget 2018, which allow contributions to be pooled and invested to give members a target benefit level
Smaller listed companies must improve the quality of disclosures about significant accounting judgments and errors, and provide more transparency about their cash flow and tax arrangements
Private jet operator Air Partner plc has ended a seven-year audit agreement with Deloitte as its external auditor and hired PwC after the FTSE 250 listed company reviewed its audit business
Individuals applying for public sector licenses in sectors such as scrap metal and private hire vehicles will need to provide proof that they are correctly registered for tax when renewing their licenses
The government is consulting on plans to close a business rates ‘loophole’ which could be costing English councils millions in lost council tax because of second-home owners claiming small business rate relief on holiday lets which are not, in fact, let out under commercial arrangements
HMRC and the Treasury have released detailed proposals for the partial reinstatement of relief for goodwill acquired in businesses with eligible intellectual property (IP) which will be included in Finance Bill 2018-19, alongside changes to the de-grouping charge rules which will be effective from 7 November 2018
The government is to press ahead with legislation in 2019/20 to allow HMRC to make directors and other persons involved in company tax avoidance, evasion or phoenixism jointly and severally liable for tax liabilities that arise from those activities where the company becomes insolvent, following a consultation on the issues
HMRC and the Treasury are to set up a formal industry working group to examine how to create a split payment model for VAT, in order to cut down on tax losses from cross-border e-commerce, after a consultation found the potential options under consideration were too complex and costly to implement
The government has published draft legislation detailing a new VAT domestic reverse charge for certain building and construction services, which will take effect from 1 October 2019 and is designed to clamp down on missing trader fraud
Sir Lenny Henry, as well as other prominent TV and film stars, are calling for tax relief for production companies to encourage them to employ women, disabled individuals and people from black, Asian and minority ethnic (BAME) backgrounds
General Electric has filed documents with the Securities and Exchange Committee (SEC) revealing that HMRC is investigating it for an alleged $1bn (£770m) shortfall in tax paid between 2004 and 2015