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Image for furlough fraud clock ticking self reporting inaccurate cjrs claims

Business | Furlough fraud: clock ticking on self-reporting inaccurate CJRS claims

Businesses that fail to report overclaims in coronavirus job retention scheme grants run the risk of personal liability, HMRC action and potential criminal proceedings, warns Nexa Law’s Steven Mather

28 Aug 2020

Business

Companies

Careers

Leadership & Management

Image for football commentator seeks boot out pension scammers

Business | Football commentator seeks to boot out pension scammers

With over £30m reportedly lost to pension fraud over the past three years, the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have launched a new advertising campaign, fronted by football commentator Clive Tyldesley, designed to show scammers the red card

28 Aug 2020

Business

Companies

Pensions

Business | Last chance to Eat Out to Help Out

Over 64m meals have been served at a discount in restaurants, pubs and cafes since the launch of the government’s Eat Out to Help Out scheme, with Bank Holiday Monday marking the final day HMRC will be picking up half the tab for the nation’s diners

28 Aug 2020

Business

Companies

Image for covid 19 half financial services workforce consider career change

Business | Covid-19: half of Financial Services workforce consider career change

Covid-19 has prompted a bout of soul searching among Financial Services workers, with almost half (44%) considering a career change, according to research by KPMG and the Financial Services Skills Commission

28 Aug 2020

Leadership & Management

Image for poor response hinders research organised crime behaviours

Tax | Poor response hinders research into organised crime behaviours

HMRC has pulled the plug on a research project intended to examine the motives and behaviours of individuals who become involved in organised crime, due to a lack of participants, but is still planning to source insight in this area

28 Aug 2020

Tax

HMRC

Tax Compliance

Image for people news moore thompson cooper parry kpmg

Business | People in the news: Moore Thompson, Cooper Parry, KPMG

In this week’s accountancy career moves, associate partner appointed at KPMG, hires at Moore Thompson and Cooper Parry, and non-executive director at The West Bromwich Society

28 Aug 2020

Business

Companies

Careers

Leadership & Management

Image for iasb concludes ibor reform project

Finance | IASB concludes IBOR reform project

The International Accounting Standards Board (IASB) has finalised its response to the ongoing reform of inter-bank offered rates (IBOR) and other interest rate benchmarks, by issuing a final package of amendments to IFRS standards

28 Aug 2020

Tax | Regulating advisers will reduce R&D tax relief abuse

As HMRC concludes consultation on the abuse of research & development tax relief at the end of August, ABGI-UK’s Scott Henderson calls for the regulation of advisers at a time when the UK needs to be globally competitive

27 Aug 2020

Tax | Overseas property income declarations rise 17%

There has been a steep increase in the amount of rental income from overseas property declared by UK taxpayers, which rose by 17% following a series of tax investigations campaigns by HMRC, according to analysis by Moore

27 Aug 2020

Business | Covid-19: tailored support for mortgage difficulties

The Financial Conduct Authority (FCA) is consulting on proposals to ensure that firms provide tailored support to mortgage borrowers who continue to face payment difficulties due to coronavirus

27 Aug 2020

Business

Companies

Image for covid 19 low income self isolating payments

Business | Covid-19: low income self-isolating payments

The government is trialling the introduction of a new payment for people on low incomes in areas with high rates of Covid-19, who need to self-isolate and are unable to work from home

27 Aug 2020

Business

Companies

Restructuring & Insolvency

Careers

Image for charity commission investigates london church charity

Business | Charity Commission investigates London church charity

The Charity Commission has opened a statutory inquiry into The Kingdom Church GB in South London over concerns about the charity’s management, including its financial reporting

27 Aug 2020

Business

Companies

Charities

Image for pension providers report climate change financial risks

Business | Pension providers to report on climate change financial risks

The government is consulting on plans designed to ensure pension providers consider the risk of climate change on their investments, with trustees legally required to assess and report on the financial risks

27 Aug 2020

Business

Companies

Pensions

Tax | Non-dom tax rules begin to bite

With falling numbers and tax receipts, Crowe’s Richard Bull analyses the latest non-dom figures and questions how the government could replace urgently needed tax income

26 Aug 2020

Business | US computer company’s $17m penalty for accounting infringements

The Securities and Exchange Commission (SEC) has charged US data server producer Supermicro and its former CFO with a series of accounting reporting violations, and imposed over $17m (£13m) of penalties

26 Aug 2020

Business

Companies

Accountancy Firms

Image for nottingham charity criticised poor financial management

Business | Nottingham charity criticised for poor financial management

The Charity Commission has published a highly critical report on the management, governance and administration of a Nottingham-based charity, and disqualified a former trustee for a ten-year period

26 Aug 2020

Business

Companies

Charities

Image for pwcs global revenues show covid 19 impact

Business | PwC’s global revenues show Covid-19 impact

PwC’s global revenues totalled $43bn (£32.7bn) for the 12 months ending 30 June 2020, only just ahead of the previous year, with the firm acknowledging the protracted impact of the Covid-19 crisis on business performance

26 Aug 2020

Business

Companies

Accountancy Firms

Image for ps9bn corporation tax overpaid uk businesses last year

Tax | £9bn in corporation tax overpaid by UK businesses last year

UK businesses overpaid at least £9.1bn in corporation tax in the last year (year end 31 March), up 12.4% from £8.1bn the previous year, said UHY Hacker Young

26 Aug 2020

Business | Troubled Finablr to miss reporting deadline

Finablr, the troubled foreign exchange and payments group, has announced a further delay to filing its annual accounts, admitting it will miss the deadline of publishing its financial statements by the end of this week

26 Aug 2020

Business

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Latest news

Business | Furlough fraud: clock ticking on self-reporting inaccurate CJRS claims

Business | Football commentator seeks to boot out pension scammers

Business | Last chance to Eat Out to Help Out

Business | Covid-19: half of Financial Services workforce consider career change

Tax | Poor response hinders research into organised crime behaviours

Business | People in the news: Moore Thompson, Cooper Parry, KPMG

Finance | IASB concludes IBOR reform project

Tax | Regulating advisers will reduce R&D tax relief abuse

Tax | Overseas property income declarations rise 17%

Business | Covid-19: tailored support for mortgage difficulties

Business | Covid-19: low income self-isolating payments

Business | Charity Commission investigates London church charity

Business | Pension providers to report on climate change financial risks

Tax | Non-dom tax rules begin to bite

Business | US computer company’s $17m penalty for accounting infringements

Business | Nottingham charity criticised for poor financial management

Business | PwC’s global revenues show Covid-19 impact

Tax | £9bn in corporation tax overpaid by UK businesses last year

Business | Troubled Finablr to miss reporting deadline