Applications are now open for the £75bn Recovery Loan Scheme (RLS), the government’s latest covid-19 support programme, which provides financial support to businesses across the UK as they recover following the coronavirus pandemic
US Treasury chief Janet Yellen is calling for a global corporate tax approach to stop multinationals from profit shifting revenue to offshore locations to reduce tax liability
Grant Thornton UK LLP has reported a slight fall in fee income for year end 2020, with revenues of £471m, down 2.5% from £483m on the previous year as partner profit rose
The IR35 changes which came into force on 6 April 2021 are a monumental shift for accounting and payroll teams across the UK. Adam Prince, VP product management, compliance, at Sage explains
The government is planning to allow more British expats the right to vote in UK elections – but this may come with a ‘tax sting in the tail’, warns tax and advisory firm Blick Rothenberg
In an attempt to curb VAT fraud via third parties selling on online marketplaces, new rules shift compliance responsibility to platforms, but will this tackle the growing problem? Rachel Clark, barrister at Bright Line Law, examines the legal framework
The collapsed fashion retailer Peacocks has been saved from administration after a buyout from a senior executive and with backing from an international investment consortium
The International Accounting Standards Board (IASB) has extended by one year the application period in IFRS 16 Leases to help lessees accounting for covid-19-related rent concessions in light of the pandemic
Thames Valley accountancy firm Ross Brooke has joined UHY Hacker Young, the national accountancy group, as it expands its presence in the south of England, part of the firm’s strategic expansion plans
The rules for IR35 off-payroll working will be overhauled from 6 April moving liability for tax and NICs to employers when hiring the majority of contractors. Nick Duffin, employment tax director at BDO, explains
The adverse impact of coronavirus on some companies’ trading fortunes now means business owners need to watch out before they calculate dividends, as they may be liable for losses should the business subsequently fail. Tyrone Courtman, insolvency partner at RSM explains
In this month’s VAT updates, Graham Elliott, VAT expert examines recent cases on input tax from charity imported services in Wellcome Trust to DIY Housebuilders Scheme claim relating to property development in Long case
In this month’s legal updates, Sophie Brookes, partner at Gateley, examines the rulings on disguised distribution in SSF Realisations and the definition of a 'manifest error' in Flowgroup
One in 10 (13%) mid-sized businesses who have reviewed their initial furlough claim found it to be incorrect, according to research from Grant Thornton
The Charity Commission has opened a statutory inquiry into the Howletts Wild Animal Trust over serious concerns about the charity’s governance and financial management, while it is also examining the Aspinall Trust
In this week’s accountancy career moves, partner and manager promotions at Wilson Wright, Grunberg & Co, Hillier Hopkins and Kroll, plus senior management changes at ICAEW
Millions of workers in all parts of the UK will receive a pay increase from today as minimum pay rates rise, with the age threshold reduced to 23 year olds
Menu toggle
