Glyn Fullelove, tax writer at Croner-i, considers the importance of the unallowable purpose test for loan relationships in the light of updated HMRC guidance and recent cases
A study by the Institute for Government (IFG) says Scotland would have to make ‘difficult fiscal adjustments’ if they went independent and would be forced to impose spending cuts and tax rises to balance the books
Ten of the UK’s top business leaders have created the National Prosperity Plan to boost growth, living standards and ensure the UK can develop world beating industries and support people as they recover from the pandemic and transition to the jobs of the future
The Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC) have confirmed that they are working on plans to merge the bodies with the creation of the Value Reporting Foundation
The Public Accounts Committee (PAC) has criticised the Treasury as it has yet to set out how the tax system can help government achieve the UK’s net zero target by 2050
The EU is moving ahead with plans for a new digital taxation rate for multinational companies with proposals due to be debated in the European parliament
CFOs who improve their organisation’s environmental, social and governance (ESG) reporting for investors will see improved access to capital, stock performance, and customer loyalty, according to Gartner
The wide-ranging audit reform consultation, currently out for review, raises a number of new enforcement powers to control director conduct and change the definition of PIEs. Harvey Knight, partner in Withers' financial services regulatory group, assesses the proposals
Jesse Norman MP, financial secretary to the Treasury, has told businesses and accountants at the annual HMRC stakeholder conference that HMRC’s priorities for the future of the tax system will heavily involve Making Tax Digital (MTD)
An estimated 41% of UK finance decision makers placed accounts payable staff on furlough over the past 12 months as part of cost cutting exercise a report by Invu says
HMRC is delaying the payment of self-assessment tax refunds and threatening to remove individuals from the self-assessment regime if extensive and onerous information is not provided, says accountants Hillier Hopkins
A group of financial services directors have been banned after causing the company to take money from clients and make self-serving payments while being insolvent
Compliance with Making Tax Digital for VAT means that uploading data via Excel spreadsheets is no longer allowed. Jim Scott, managing director of accountancy at IRIS Software Group, provides tips and advice
Younger generations will be relying on their inheritance as overall wealth is likely to be determined by their parent’s assets rather than their own earnings research by the Institute for Fiscal Studies (IFS) reveals
The Court of Appeal has quashed the convictions of 39 post office submasters who were wrongly accused of fraudulent accounting due to problems with the Horizon IT system
The first three months of 2021 saw a record quarterly rise in consumer confidence, rising six percentage points in the first quarter (Q1) according to the latest Deloitte Consumer Tracker