In our regular Q&A series, Croner Taxwise adviser Vanessa Matthews, explains the penalty regime relating to the late submission of P11D forms for employee expenses and benefits
The HMRC website has been hit by a major server failure by global cloud computing services provider Fastly, which has now affected a large number of websites, although the site came back online after more than an hour
The celebration behind the historic G7 global tax deal may not be completely justified, as there are a number of unanswered questions and ‘black holes’, says tax and advisory firm Blick Rothenberg
Welsh accountancy firm, Bevan Buckland LLP, is planning to launch a new office between Bridgend and Cardiff as it continues to focus on ambitious and steady growth during the ongoing pandemic
The government has announced plans to merge three bodies into a new workers’ watchdog to take over responsibility for tackling modern slavery and enforcing the minimum wage, to protect the rights of UK workers
The level of inward investment in the UK has remained relatively strong during the pandemic with the country ranked second in Europe, finds EY research
The G7 has agreed to back an international agreement on global tax reform which would see multinationals pay a global minimum tax rate of at least 15% in each country they operate
As part of the G7 meeting of finance ministers, agreement was reached on introducing tougher rules on environmental reporting to deal with climate change and its impact on economic and financial decision-making
In a surprise move, the Office of Tax Simplification (OTS) has announced that it is reviewing the pros and cons of moving the current tax year end to 31 December or 31 March
The US Securities and Exchange Commission (SEC) has removed William D Duhnke from the Public Company Accounting Oversight Board (PCAOB) after criticism of low level of audit investigation activity
The number of company directors disqualified by the Insolvency Service fell by 24% in the last year, from 1,280 the year before to 972 in 2020/21, says UHY Hacker Young
The government proposes to introduce legislation in Finance Bill 2021 to provide a temporary extension to the loss carry back rules for trading losses of both corporate and unincorporated businesses
A former accountant from Burton-on-Trent has been given five years of additional bankruptcy restrictions after transferring £145,000 in shares to avoid paying creditors
The Low Incomes Tax Reform Group (LITRG) has published guidance on how and where to include grants received under the Self-Employment Income Support Scheme (SEISS) on tax returns for partnerships
HMRC has confirmed that a fifth self employment income support scheme (SEISS) will be available from the end of July covering the period May to September 2021 for those affected by the pandemic
Companies House is making improvements to the protected online filing (PROOF) service to help prevent unauthorised company name changes to enhance the security of company filings
In this week’s accountancy career moves, partner promotions at Deloitte, Wilson Wright and Dechert, director promotions at Smith & Williamson, Alvarez & Marsal and cyber security expert for PKF Francis Clark, plus CIMA chief
Discounted homes for key workers and local residents will now be available as government launches First Homes scheme providing 30% discounts for first time buyers