High street warns of 'punishing tax burden', thinktank argues private jets are 'heavily subsidised' by taxpayers, and Croner Intelligence launches Workflows AI tool to draft letters

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Latest news

Image for ons identifies error rpi calculation

| ONS identifies error in RPI calculation

The Office for National Statistics (ONS) has admitted finding an error in the way the Retail Prices Index (RPI) calculation was processed in 2019, casting further doubt on the validity of the measure used to calculate payments on billions of pounds’ worth of inflation-linked government bonds

9 Aug 2019

Business

Image for firms must make difficult changes attract gen z professionals

Business | Firms must make difficult changes to attract ‘Gen Z’ professionals

Finance professionals say their organisations are failing to attract the youngest generation of recruits and need to adapt in a number of areas if they are to be successful in bringing in the latest generation of workers, according to research from Reed Finance

9 Aug 2019

Leadership & Management

Image for no deal brexit impact mergers and anti competition activity

Business | No-deal Brexit impact on mergers and anti-competition activity

The Department for Business, Energy and Industrial Strategy (BEIS) has published guidance on how merger reviews and investigations into anti-competitive activity would be affected in the event of a no deal Brexit later this year

9 Aug 2019

Business

Companies

Law & Guidance

Image for chartered accountants offered online mental health support

Finance | Chartered accountants offered online mental health support

The Chartered Accountants Benevolent Association (CABA) has signed up with digital mental health specialist XenZone to provide an online counselling and wellbeing support service for ICAEW students, members and their close families

9 Aug 2019

Business

Charities

Leadership & Management

Image for people news kpmg wright vigar bhp rsm grant thornton

HR | People in the news: KPMG, Wright Vigar, BHP, RSM, Grant Thornton

In this week's accountancy career moves, Serious Fraud Office veteran moves to KPMG, Wright Vigar appoints associate director, director joins RSM, BHP gets a new partner, Grant Thornton promotes partner and Ankura gets a chairman for EMEA and APAC

9 Aug 2019

Business

Careers

Image for uk continues refuse cut vat e books

Tax | UK continues to refuse to cut VAT on e-books

The UK continues to charge VAT on e-books, audio books and online newspapers despite changes to EU VAT rules introduced last year and since adopted by a growing number of member states

9 Aug 2019

8 Aug 2019

Image for nunn tax breaks may speed adoption electric cars

Tax | Nunn: tax breaks may speed up adoption of electric cars

As tax on company cars escalates, Yvette Nunn asks whether there will be a revival of interest in the benefit when the government removes company car tax from lower emission vehicles in 2020

8 Aug 2019

Tax | HMRC will not send out confirmation emails for MTD VAT returns

HMRC has issued a last-minute update to its guidance stating that it will not be sending out confirmation emails on receipt of Making Tax Digital for VAT submissions

8 Aug 2019

Finance | FRC consults on energy reporting taxonomy

The Financial Reporting Council is consulting on an additional taxonomy to reflect the new reporting requirements for energy and carbon data introduced on 1 April 2019

8 Aug 2019

Finance

Financial Reporting

Audit Consultations

Image for tax take non doms falls near record low

Tax | Tax take from non-doms falls to near record low

The amount of tax paid by non-domiciled individuals has fallen dramatically since last year, clocking in at £7.54bn, down from a record high of £9.49bn last year

8 Aug 2019

Tax | UK digital tech businesses want tax streamlined

The UK’s digital tech businesses are positive about tax compliance but struggle with the complexity of some requirements, notably VAT and employment taxes, according to HMRC research

8 Aug 2019

Tax | Post-Brexit trade policy will introduce UK freeports

The government is looking at setting up a string of freeports around the UK providing duty-free trade zones with tax and customs duty advantages

8 Aug 2019

Finance | Consultation on investment property under IFRS for SMEs

The IFRS Foundation has issued a draft Q&A for comment on the application of the IFRS for SMEs standard relating to investment property exemptions on first adoption of the accounting rules

8 Aug 2019

Finance | SFO sets cooperation bar on deferred prosecution agreements

The Serious Fraud Office (SFO), which has agreed a handful of high-profile deferred prosecution agreements (DPAs) with companies that have co-operated on investigations, has released details of guidelines for those looking to strike a plea deal

8 Aug 2019

7 Aug 2019

Image for dhsc consults remedy nhs pension tax trap

Tax | DHSC consults on remedy for NHS pension ‘tax trap’

The Department of Health and Social Care (DHSC) is to consult on proposals giving full flexibility over the amount senior clinicians put into their pension pots, to stem the rising numbers of doctors cutting their hours and leaving the NHS because of tax issues

7 Aug 2019

Tax | OECD makes progress on improving international tax transparency

The OECD Secretary-General Tax Report to G20 Leaders provides a concise and upbeat summary of the dramatic changes to the international tax environment over the past 10 years, Mark Cawthron examines the key issues

7 Aug 2019

Tax

International Tax

Tax Planning

Image for government gives ps11bn tax relief film tv and creative industries

Tax | Government gives £1.1bn tax relief to film, TV and creative industries

A total of £1.1bn was paid out in creative industries tax reliefs in 2018-19, a 22% increase on the previous year’s figure of £900m

7 Aug 2019

Finance | Regulators warn 5m at risk over pension scams

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are joining forces this summer to warn the public about fraudsters targeting people’s retirement savings

7 Aug 2019

Business

Pensions

Law & Guidance

Image for ftse 100 has ps45bn risk tax disputes

Tax | FTSE 100 has £4.5bn at risk in tax disputes

FTSE 100 companies have up to £4.5bn at risk from tax disputes, most commonly arising from changes in legislation in emerging markets, according to research by Thomson Reuters

7 Aug 2019

Finance | Companies House clarifies filing periods for confirmation statements

Companies House has updated guidance for company confirmation statements with more information about filing and payment periods

7 Aug 2019

Finance | IASB consults on IAS 1 focus on materiality in accounting policy disclosures

The International Accounting Standards Board (IASB) has published proposed narrow-scope amendments to IAS 1 Presentation of Financial Statements to help companies improve their accounting policy disclosures for users of financial statements

7 Aug 2019

Business | SEC fines property company $7m over accounting fraud

The US Securities and Exchange Commission (SEC) has charged Brixmor Property Group, a publicly-traded real estate investment trust, and four former senior executives with fraud

7 Aug 2019

Business

Called to Account

Image for rennie welch builds scottish border presence

Business | Rennie Welch builds up Scottish border presence

Scottish firm Rennie Welch has merged with Optimus Accounting Ltd, as part of a strategy to increase its geographical reach and widen its client base

7 Aug 2019

Leadership & Management

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Tax Services

Latest news

| ONS identifies error in RPI calculation

Business | Firms must make difficult changes to attract ‘Gen Z’ professionals

Business | No-deal Brexit impact on mergers and anti-competition activity

Finance | Chartered accountants offered online mental health support

HR | People in the news: KPMG, Wright Vigar, BHP, RSM, Grant Thornton

Tax | UK continues to refuse to cut VAT on e-books

Tax | Nunn: tax breaks may speed up adoption of electric cars

Tax | HMRC will not send out confirmation emails for MTD VAT returns

Finance | FRC consults on energy reporting taxonomy

Tax | Tax take from non-doms falls to near record low

Tax | UK digital tech businesses want tax streamlined

Tax | Post-Brexit trade policy will introduce UK freeports

Finance | Consultation on investment property under IFRS for SMEs

Finance | SFO sets cooperation bar on deferred prosecution agreements

Tax | DHSC consults on remedy for NHS pension ‘tax trap’

Tax | OECD makes progress on improving international tax transparency

Tax | Government gives £1.1bn tax relief to film, TV and creative industries

Finance | Regulators warn 5m at risk over pension scams

Tax | FTSE 100 has £4.5bn at risk in tax disputes

Finance | Companies House clarifies filing periods for confirmation statements

Finance | IASB consults on IAS 1 focus on materiality in accounting policy disclosures

Business | SEC fines property company $7m over accounting fraud

Business | Rennie Welch builds up Scottish border presence