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Business | Legal updates: August 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers whether a company’s accountants owed a duty of care to a shareholder, company restoration and CIGA 2020

4 Aug 2020

Business

Companies

Law & Guidance

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Business | Championship play-off winner to collect £160m revenue boost

The winner of tonight’s Championship play-off final will score up to £160m in additional revenue over the next three seasons, with contenders Brentford and Fulham competing in the most valuable match in world football, according to Deloitte

4 Aug 2020

Business

Companies

Accountancy Firms

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Finance | Bank of Ireland slapped with €1.66m regulatory fine

The Bank of Ireland (BOI) has been fined €1.66m (£1.49m) and reprimanded for a series of regulatory breaches causing loss to a client, and for misleading the Central Bank in the course of its investigation

4 Aug 2020

Business | Quantuma in £26.95m merger

Business advisory firm Quantuma has agreed a £26.95m merger with AIM-listed K3 Capital Group, in a bid to create an independent global advisory practice

4 Aug 2020

Business

Companies

Accountancy Firms

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Tax | Consultation on expanding qualifying expenditure for R&D tax relief

The government is consulting on the scope of qualifying expenditures for R&D tax credits, focusing particularly on whether expenditures on data and cloud computing ought to qualify for relief

4 Aug 2020

Tax | Q&A: VAT on the Eat Out to Help Scheme

In our regular Q&A series from Croner Taxwise, VAT adviser, Tony Chamberlain explains the VAT implications of the Eat Out to Help Scheme, do restaurateurs only pay VAT to HMRC on the discounted amount or full value of the bill?

4 Aug 2020

Tax | VAT updates: July 2020

In this month’s VAT updates, Graham Elliott reviews the changes to hospitality supplies, DIY housebuilder claims and child car seats

3 Aug 2020

Business | BAME 2020: one in 250 partners is black at top eight accountancy firms

Accountancy Daily’s survey of ethnic diversity within the UK accountancy profession shows there are only 17 black partners in the top eight firms despite signs of increasing black, Asian and minority ethnic representation among staff

3 Aug 2020

Business

Accountancy Firms

Top 75 Surveys

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Tax | Plans for NICs holiday for military veterans’ first civilian job

The government is consulting on plans for a National Insurance contributions (NICs) holiday for Armed Forces veterans who take up civilian jobs, first announced at Spring Budget 2020

3 Aug 2020

Finance | FRC fines fall in favour of ‘constructive engagement’

There has been a steep fall in the financial penalties levied on accounting firms and auditors over the past year, down from £32m to £11.3m, with the Financial Reporting Council (FRC) making greater use of constructive engagement to address issues regarding poor work or breaches of standards

3 Aug 2020

Business | 'Dramatic' plunge in corporate insolvencies

The government’s coronavirus support measures have had a dramatic impact on corporate insolvencies, which have fallen to their lowest level for four years, according to research by KPMG

3 Aug 2020

Business

Companies

Accountancy Firms

Restructuring & Insolvency

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Finance | Covid-19: revenue considerations for accountants and auditors - CPD module - NEW

This month's exclusive Accountancy Daily CPD module focuses on how accountants and auditors will need to pay close attention to how revenue is treated in the accounts as companies prioritise generating revenue to overcome the pandemic

3 Aug 2020

Tax | Tackling the £31bn tax gap: what’s next?

As HMRC reveals a shrinking tax gap, BDO’s Dawn Register and Tom Palmer investigate where and how the tax collector can find the missing billions, from a focus on offshore and the wealthy to those that simply do not pay

31 Jul 2020

Business | Covid-19: self-isolation period extended

Andrew Willis, head of legal at Croner comments on the planned increase of the self-isolation period by three days, exploring ways employers could cover this added absence through annual leave or the statutory sick pay (SSP) rebate scheme

31 Jul 2020

Leadership & Management

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Business | Furloughed workers to get full redundancy payments

The government has introduced legislation to ensure furloughed employees receive statutory redundancy pay based on their normal wages, rather than a reduced furlough rate, so that they receive their full entitlement

31 Jul 2020

Business

Companies

Careers

Leadership & Management

Image for inheritance tax receipts drop first time 10 years

Tax | Inheritance tax receipts drop for first time in 10 years

Inheritance tax receipts (IHT) have dipped for the first time in a decade, reversing a long term trend, and prompting renewed calls for a change to the regime

31 Jul 2020

Business | Quarter of finance teams to continue home working

Despite Prime Minister Boris Johnson urging employees to start returning to their workplace from next week, a quarter report their company’s finance teams will not be returning to the office with other staff in August and will now work at home for the majority of the time, according to research by Theta Financial Reporting

31 Jul 2020

Leadership & Management

Image for ftse 350 companies female execs increase profits

Business | FTSE 350 companies with female execs increase profits

Increasing the number of women on the leadership teams of FTSE 350 companies could add £47bn to their profits, according to research by gender diversity specialist The Pipeline

31 Jul 2020

Leadership & Management

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Latest news

Business | Legal updates: August 2020

Business | Championship play-off winner to collect £160m revenue boost

Finance | Bank of Ireland slapped with €1.66m regulatory fine

Business | Quantuma in £26.95m merger

Tax | Consultation on expanding qualifying expenditure for R&D tax relief

Tax | Q&A: VAT on the Eat Out to Help Scheme

Tax | VAT updates: July 2020

Business | BAME 2020: one in 250 partners is black at top eight accountancy firms

Tax | Plans for NICs holiday for military veterans’ first civilian job

Finance | FRC fines fall in favour of ‘constructive engagement’

Business | 'Dramatic' plunge in corporate insolvencies

Finance | Covid-19: revenue considerations for accountants and auditors - CPD module - NEW

Tax | Tackling the £31bn tax gap: what’s next?

Business | Covid-19: self-isolation period extended

Business | Furloughed workers to get full redundancy payments

Tax | Inheritance tax receipts drop for first time in 10 years

Business | Quarter of finance teams to continue home working

Business | FTSE 350 companies with female execs increase profits