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Image for ey resigns after issuing disclaimer datalex accounts

Finance | EY resigns after issuing disclaimer on Datalex accounts

Auditors at EY have refused to give an opinion on the financial statements of Irish travel software firm Datalex, which disclosed ‘significant accounting irregularities’ earlier this year, and have reported the company to the regulator for failure to keep adequate accounting records

10 Sep 2019

Tax | Treasury Committee names McKinnell as second interim chair

Timing issues and resignations have seen the temporary appointment of a second interim chair to the influential Treasury Committee in less than a week

10 Sep 2019

Tax

Politics

Image for devolved air passenger duty wales rejected

Tax | Devolved air passenger duty for Wales rejected

The government has rejected proposals to devolve responsibility over air passenger duty (APD) to Wales, unlike in Scotland and Northern Ireland, citing concerns about the possible impact on competition

10 Sep 2019

Tax

Personal Tax

Politics

Image for ban boss who prioritised directors loan over creditor payments

Business | Ban for boss who prioritised directors loan over creditor payments

The boss of a greetings card business has been disqualified for six years after approving transactions that were detrimental to creditors, who were owed over £1.7m when the company went into liquidation

10 Sep 2019

Business

Called to Account

Image for vat qa property hand deregistration

Tax | VAT Q&A: property on hand at deregistration

In our regular Q&A, Vivienne Scott, senior VAT consultant at Croner Taxwise, considers the implications of deregistration with property on hand when an owner has invested heavily in refurbishment

10 Sep 2019

Business | Moore Stephens network rebrands as Moore

Global accounting and consulting network Moore Stephens has rebranded as Moore, dropping the Stephens element of its name

10 Sep 2019

Business

Accountancy Firms

Careers

Leadership & Management

Image for majority client companies dissatisfied big four auditor

Finance | Majority of client companies dissatisfied with Big Four auditor

The Big Four look set to retain their stranglehold on large listed company audit even though over half of client companies do not rank their current auditor as their first choice

10 Sep 2019

Tax | U-turn on start date for construction industry reverse charge VAT

HMRC has bowed to pressure and has announced a one-year delay to 2020 to the introduction of reverse charge VAT in the construction sector, due to be implemented next month, after industry bodies and accounting specialists highlighted concerns about lack of preparation and the impact on businesses

9 Sep 2019

Tax

VAT

HMRC

Image for construction vat reverse charge delayed one year

Tax | Construction VAT reverse charge: delayed by one year

As construction companies face up to yet more tax reporting commitments, Johnston Carmichael’s head of VAT Nigel Roberts sets out the wide implications of the new VAT reverse charge, delayed by one year to 2020 in a government u-turn

9 Sep 2019

Tax

VAT

HMRC

Image for glencore wins ps51m transfer pricing tax appeal

Tax | Glencore wins £51m transfer pricing tax appeal

Anglo-Swiss multinational mining group Glencore has won a A$92m (£51m) victory in a long-running transfer pricing dispute with the Australian Taxation Office (ATO)

9 Sep 2019

Business | Cogital subsidiary Blick Rothenberg snaps up Rees Pollock

Accounting consolidator CogitalGroup and its London division, Blick Rothenberg, has acquired Rees Pollock accountants

9 Sep 2019

Business

Accountancy Firms

Careers

Leadership & Management

Image for two mps put names treasury committee chair

Tax | Two MPs put names up for Treasury Committee chair

Nominations for the chair of the influential Treasury Committee close at noon Tuesday with a successor to Nicky Morgan MP due to be confirmed the following day, barring proroguing of parliament

9 Sep 2019

Tax

Politics

Image for seven charities investigated over accounting discrepancies

Finance | Seven charities investigated over accounting discrepancies

The Charity Commission is to investigate seven charities linked by two common trustees and common registered contact details, amid serious concerns over possible accounting discrepancies

9 Sep 2019

Business

Charities

Tax | Medics call for cake tax

Doctors are calling for the government to introduce a tax on sugary snacks, after research showed this may be more effective at reducing obesity levels than the current levy on sugary drinks

9 Sep 2019

Tax

Personal Tax

Image for calls suspend loan charge following pms revelation thorough review

Tax | Calls to suspend loan charge following PM’s revelation of a ‘thorough review’

Amid heated exchanges during Prime Minister’s Questions, Boris Johnson confirms review as MPs demand all loan charge settlements must be suspended until the results are known

6 Sep 2019

Tax

Personal Tax

Tax Compliance

Business | Called to account: September 2019

In this month’s round up of the latest scandals, convictions and penalties, an ex-KPMG accountant is jailed over PCAOB inspection tip offs, a gambling-addicted Devon dairy trader sentenced in £900k VAT scam, a call centre boss and accountant get seven and a half years for £2.3m tax con, a builder is put behind bars for £100k tax fraud and a bouncy castle director gets banned

6 Sep 2019

Business

Called to Account