Business & Accountancy Daily

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Tax | Ten things that will shape the property market in 2021

The residential property market has held up well in 2020, no doubt supported by the government’s stamp duty holiday introduced as part of wider Covid-19 measures. But what, asks Henry Lowe, partner at Mercer & Hole, will shape the property market in 2021?

7 Jan 2021

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Business | FTSE 350 pension deficit almost doubles

The twin challenges of Brexit and Covid-19 have seen the FTSE 350 pension deficit nearly double during the year, with scheme trustees urged to look for opportunities to reduce risk

7 Jan 2021

Accountancy Firms

Image for call consistent business bounce bank loan recovery scheme

Business | Call for consistent Business Bounce Bank Loan recovery scheme

The Treasury needs to ensure it implements a clear and consistent policy for the repayment or recovery of business bounce back loans (BBLs), or risk losing out on some £6bn, the Credit Services Association (CSA) is warning

7 Jan 2021

Accountancy Firms

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Business | Banned director failed to account for £1.7m

The director of a window cleaning company who could not account for £1.7m of expenses has been disqualified from managing companies for seven years

7 Jan 2021

Called to Account

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Tax | Feedback sought on VAT and value shifting rule changes

HMRC is consulting on planned revisions to the rules for apportioning the VAT consideration between supplies with mixed liabilities in a single transaction, in a bid to tackle ‘inappropriate’ value shifting when providing bundles of goods or services

7 Jan 2021

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Finance | UK standards Endorsement Board starts work

The UK Endorsement Board (UKEB), the body tasked with endorsing and adopting international accounting standards now that the UK has left the EU, has officially launched

7 Jan 2021

Accounting Standards

Financial Reporting

6 Jan 2021

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Business | Brexit and EU case law

From a legal perspective, final departure from the EU raises some complexity around the interpretation of ‘retained EU case law’ – essentially judgments and decisions prior to 31 December 2020. Croner-i tax writer Mark Cawthron LLB CTA examines the impact on UK Courts and Tribunals

6 Jan 2021

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Business | Wigan Athletic hits post in sale out of administration

There has been a last minute hitch in efforts to save football club Wigan Athletic from administration, after an approved bidder cut their offer for the EFL League One club almost in half

6 Jan 2021

Restructuring & Insolvency

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Business | Kebab shop director takes away seven-year ban

The owner of a Norwich takeaway has been banned from being a director for seven years, after avoiding paying £400,000 owing to HMRC

6 Jan 2021

Called to Account

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Business | 6 January marks ‘High Pay Day’

By the end of today, earnings for the typical FTSE 100 CEO will have surpassed the total annual wage for a full-time worker in the UK, according to research from the High Pay Centre

6 Jan 2021

Accountancy Firms

Leadership & Management

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Tax | DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

6 Jan 2021

International Tax

Accountancy Firms

Image for hmrc less month file tax return

Tax | HMRC: less than a month to file tax return

Around 5.4m taxpayers have less than a month (25 days) to complete their self assessments ahead of the 31 January deadline

6 Jan 2021

5 Jan 2021

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Tax | Environmental tax breaks would drive green tech investment

Lower rates for entrepreneurs in green technology would help to inspire investment in the UK, creating jobs and export opportunities as part of the Green Recovery Plan, argues Blick Rothenberg’s David Hough

5 Jan 2021

Leadership & Management

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Business | £4.6bn in additional lockdown business support

With a new national lockdown starting tomorrow and set to last at least until mid-February, the Treasury has announced £4.6bn in additional grants to support businesses which are forced to close

5 Jan 2021

Accountancy Firms

Leadership & Management

Image for restaurant directors who supressed 173k tax disqualified

Business | Restaurant directors who supressed 173k tax disqualified

Two brothers who ran a London restaurant have been banned for a total of 12 years for failing to pay £173,000 in taxes

5 Jan 2021

Called to Account

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Tax | ‘Tampon tax’ abolished

Following the UK’s departure from the EU, the government has honoured its commitment to remove VAT from women’s sanitary products, ending the so-called ‘tampon tax’

5 Jan 2021

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Tax | Q&A: VAT changes to B2C professional services

In our regular Q&A series, Croner Taxwise, VAT adviser, Priyesh Mistry, explores whether accountants continue to charge UK VAT on tax returns for individuals living in the EU, or if they become the same as the work for non-EU clients

5 Jan 2021

International Tax

Image for sec tackles ripple over digital asset offering

Business | SEC tackles Ripple over digital asset offering

The Securities and Exchange Commission (SEC) is set to take legal action against Ripple Labs, the fintech company behind XRP, the third-largest cryptocurrency, alleging it raised over $1.3bn (£1bn) through an unregistered, ongoing digital asset securities offering

5 Jan 2021

Accountancy Firms