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Finance | CVAs – retain or reform?

Increasing use of company voluntary arrangements (CVA) have come under fire as a vehicle to avoid debt burdens. Tania Clench, legal director at Cripps Pemberton Greenish, considers these criticisms, the impact of recent developments in insolvency law and potential future reforms

22 Feb 2021

Tax | Student loan thresholds set to rise from 6 April 2021

The thresholds for student loans will increase from the new tax year in April, affecting any employees paying off their academic fees, while interest rates remain at 9%

22 Feb 2021

Tax

Employment Tax

Tax Compliance

Image for insolvency figures drop half despite pandemic

Business | Insolvency figures drop by a half despite pandemic

The number of registered company insolvencies was markedly down in January 2021 at 752, approximately half the number registered in the same month in the previous year (1,515 in January 2020)

22 Feb 2021

Business

Restructuring & Insolvency

Image for stamp duty holiday drives property sales

Tax | Stamp duty holiday drives property sales

The stamp duty holiday, which is due to end in March, has restored housing transactions to the highest level since 2007 with tax take hitting £1.35bn in the last quarter

22 Feb 2021

Tax | HMRC big business investigations take up to four years

HMRC’s enquiries into big businesses’ tax affairs have now been open for an average of 45 months, up from 43 months last year as the tax authority struggles to clear a backlog of complex tax disputes, says law firm Pinsent Masons

22 Feb 2021

Tax

Business Tax

Tax Compliance

Image for hmrc temporarily waives late payment penalties

Tax | HMRC temporarily waives late payment penalties

Self assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HMRC has announced

21 Feb 2021

Tax | Uber drivers are workers not self-employed, says Supreme Court

The Supreme Court has ruled that Uber drivers are workers and are entitled to minimum wage and holiday pay

19 Feb 2021

Tax

Business Tax

Personal Tax

| Finance Mole: zoom meetings make life difficult

Taking on a new finance role in the middle of lockdown has its challenges for Finance Mole, but month one has passed without any major calamity

19 Feb 2021

Business

Business | Government delays review of business rates

The final report of the government’s fundamental review of business rates has been delayed due to the covid-19 pandemic and will now be published in the autumn

19 Feb 2021

Business

Companies

Image for people news ey azets shaw gibbs mha henderson loggie

Business | People in the news: EY, Azets, Shaw Gibbs, MHA Henderson Loggie

In this week’s accountancy career moves, promotions and new hires at EY, Deloitte and Grant Thornton, management changes at Azets and audit chief for Engine B

19 Feb 2021

Leadership & Management