The amount of uncollected tax has hit £35bn, with small businesses accounting for the largest percentage of the tax gap at £14bn while VAT evasion remains a major drain on tax revenues, reports Sara White
ACCA (Association of Chartered Certified Accountants) has launched a brand new accountancy exam practice platform for computer-based exams (CBE) targeted at training providers
HMRC is warning employers that the June electronic PAYE payment deadline of the 22nd falls on a Saturday this month, which means settlement must be made a day early
Anyone who cannot find suitably accessible software to comply with the Making Tax Digital for VAT rules should apply to HMRC for a temporary exemption, for example for age or disability reasons, says the Low Incomes Tax Reform Group (LITRG)
The European Financial Reporting Advisory Group (EFRAG) is running an outreach project to examine potential hedge accounting problems for IFRS reporters as part of its IFRS 17 endorsement project
Scottish MSPs have voted through plans to introduce a parking tax for employers, which would see businesses charged for providing workplace car parking spaces for staff
For the first time large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures launched by small business minister Kelly Tolhurst, but there will be no change to the 60-day payment term set out in the voluntary Prompt Payment Code
Facebook has moved into the crypto currency market with plans to launch Libra, a new global currency powered by blockchain technology, which will be available as a payment method on WhatsApp and Messenger
Jersey, Guernsey and the Isle of Man have agreed to set up public beneficial ownership registers to improve transparency of company and trust ownership in line with EU efforts to clamp down on money laundering and tax evasion
Accountancy consolidator Xeinadin has expanded with the acquisition of Kay Johnson Gee (KJG), a Manchester-based firm of chartered accountants and business advisers, and has signed up a further Irish firm
Less than half of UK CEOs are confident about growth prospects for the global economy, but despite continuing Brexit uncertainties, a significant proportion of global CEOs still see the UK as an attractive investment destination, a KPMG survey has found
The Securities and Exchange Commission has charged KPMG LLP in the US with altering past audit work after receiving stolen information about inspections of the firm that were conducted by the Public Company Accounting Oversight Board (PCAOB)
In part two of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, asks whether it’s worth staying in the old childcare voucher scheme or moving to the new tax-free childcare scheme
HMRC’s latest list of major tax defaulters owing over £16.5m in unpaid tax, was topped by a grocery delivery company owing £1.14m and a metal and industrial chemical company owing £1.1m, with buy-to-let landlords, online traders and accountants, also featuring
In our regular Q&A series, Croner Taxwise consultant Jason Croke, explains the registration requirements for a first-time registrant planning to use the flat rate scheme for VAT compliance and recovery
Work is on schedule for the opening of HMRC’s new Scottish headquarters in Edinburgh in spring 2020, which will form the centrepiece of a newly built, high-tech government hub
The European Council has adopted a directive designed to make setting up a company in the EU simple and cheaper by promoting online options for company registration
Isle of Man based trust and tax experts, SMP Group Limited, has confirmed that it has secured all necessary regulatory approvals from UK and offshore jurisdictions, and has completed a management buyout (MBO)
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