Business &amp; Accountancy Daily

Property Tax

Tax Compliance

Image for qa private residence relief and permitted garden area

Tax | Q&A: private residence relief and permitted garden area

In our weekly Q&A, Croner Taxwise tax adviser Ibrahim Nalla, examines the tax compliance issues around private residence relief when owners dispose of their main residence and have to account for garden sales

2 Mar 2021

Property Tax

Tax Compliance

Image for pasa launches pensions dashboards guidance

Finance | PASA launches pensions dashboards guidance

The Pensions Administration Standards Association (PASA), has released guidance on how to set up a pensions dashboard aimed at UK pension schemes, trustees and providers in readiness for the 2023 rollout

2 Mar 2021

Pensions

Image for call radical reform complex uk tax rules

Tax | Call for radical reform of complex UK tax rules

The hugely complex UK tax code needs to be radically simplified by scrapping or replacing 20 taxes to eliminate harmful distortions, says the Institute of Economic Affairs

2 Mar 2021

Business Tax

Personal Tax

Image for cpd module climate reporting and environmental social governance

Finance | CPD module on climate reporting and environmental social governance

This month's exclusive Accountancy Daily CPD module focuses on climate reporting and the importance of environmental social governance (ESG)

2 Mar 2021

Business | FRP acquires Spectrum Corporate Finance in £9.4m deal

Specialist advisory firm FRP has acquired Spectrum Corporate Finance in a £9.4m deal with all staff set to join the firm

2 Mar 2021

Accountancy Firms

Image for vehicle freight company wound failing deliver goods

Business | Vehicle freight company wound up for failing to deliver goods

A freight company that helped transport items around the world wound up in court for failing to deliver goods after taking payment from customers

2 Mar 2021

Called to Account

Finance | Legal updates: March 2021

In this month's legal udates, Sophie Brookes, partner at law firm Gateley, assesses the meaning of fair value when company shareholders in Euro Accessories case dispute share values, serving notice on a change of address with Companies House results in court proceedings for Garuda over lease payment and plans to introduce new powers to intervene in transactions on national security grounds

1 Mar 2021

Law and Regulation

Image for what next businesses once covid 19 support measures end

Finance | What next for businesses once covid-19 support measures end

With the fallout from the pandemic hitting many businesses, those considering insolvency should look at the broad gamut of options on offer to avoid winding up the company. Matthew Padian, managing associate at Stevens & Bolton LLP, explains

1 Mar 2021

Image for frc issues second report failed carillion audit kpmg

Finance | FRC issues second report into failed Carillion audit to KPMG

The Financial Reporting Council (FRC) delivered its Initial Investigation Report (IIR) in connection with its two-year probe, opened in February 2019, into certain aspects of KPMG’s audit of the financial statements of collapsed outsourcer Carillion plc for the year ended 31 December 2013

1 Mar 2021

Auditing

Corporate Governance

Image for tax reform needed address unsustainable public finances

Tax | Tax reform needed to address unsustainable public finances

The influential Treasury Committee is calling for the Chancellor to set out a long-term tax strategy to address the hole in public finances following the pandemic, while reforming the tax status of all types of worker should be a priority

1 Mar 2021

Finance | FRC calls for more transparency when reporting against Corporate Governance Code

The Financial Reporting Council (FRC) has issued advice for companies on how to report transparently and effectively when departing from certain provisions of the UK Corporate Governance Code

1 Mar 2021

Tax | VAT updates: March 2021

In our round-up of key VAT developments, Graham Elliott focuses on the construction service reverse charge, and decisions in tax tribunals on private dance tuition and place of supply in university education

1 Mar 2021

VAT

Case Reports

Image for 264800 help save accounts opened

Tax | 264,800 Help to Save accounts opened

More than 264,000 individuals have opened a Help to Save account and could be earning money on their savings, figures from HMRC have revealed

1 Mar 2021

HMRC

Image for accountants expect corporation tax rise budget

Tax | Accountants expect corporation tax rise in Budget

A rise in corporation tax of up to 3% and an extension of covid-related measures to support businesses until the release of lockdown are likely priorities in the Budget on 3 March

26 Feb 2021

Budget

Image for making furloughed staff redundant what you need know

Business | Making furloughed staff redundant: what you need to know

Alan Price, CEO at BrightHR, assesses the rules around redundancy and provides tips and advice on how to roll out a redundancy plan if staff are furloughed due to the coronavirus pandemic

26 Feb 2021

Companies

Accountancy Firms

Leadership & Management

Image for self employed individuals call delay ir35 changes

Tax | Self-employed individuals call for delay to IR35 changes

The majority of the UK’s self-employed workforce is unprepared for the upcoming changes to off-payroll working rules - commonly known as IR35 - which come into law in April this year, according to new research from EY TaxChat

26 Feb 2021

Employment Tax

Personal Tax

Image for covid 19 loan schemes shell out ps73bn businesses

Business | Covid-19 loan schemes shell out £73bn to businesses

The latest Treasury figures show that the banking and finance industry has provided almost £73bn in support to 1.6 million businesses through government-backed coronavirus lending schemes

26 Feb 2021

Companies

Image for tax rules uk residents temporarily working guernsey clarified

Tax | Tax rules for UK residents temporarily working in Guernsey clarified

The Revenue Service is advising people who have chosen to temporarily work for their UK employer from Guernsey during the pandemic that basing themselves in the island may have implications for their personal tax situation

26 Feb 2021

Employment Tax

Tax Compliance

Image for people news moore kingston smith caba clyde co

HR | People in the news: Moore Kingston Smith, CABA, Clyde & Co

In this week’s accountancy career moves, partner promotions at Moore Kingston Smith and Clyde & Co, trustees for CABA, and audit committee changes at British Land

26 Feb 2021

Careers

Leadership & Management

Image for forecasting skills shortages and cash flow pain points

Business | Forecasting, skills shortages and cash flow pain points

As businesses face up to the ongoing fallout from the pandemic, Rob Binns, CFO of Access Group, considers the challenges facing financial teams from forecasting to cash flow pressures

26 Feb 2021