Business &amp; Accountancy Daily

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Business | More UK workers furloughed than first estimated

In figures released by HMRC, 2.4m people were still on furlough at the end of May 2021, which is 1.5m more people than originally estimated

2 Jul 2021

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Business | Post-pandemic employee exodus could cost up to £17bn

The cost of additional staff turnover could amount to a £16.9bn toll on business in the UK and Ireland as four out of ten employees are looking to change jobs in the next 12 months

2 Jul 2021

Careers

Image for chancellor outlines uk roadmap financial services

Business | Chancellor outlines UK roadmap for financial services

Speaking at Mansion House this morning Chancellor Rishi Sunak announces his ambitious blueprints to turn the UK into the ‘most advanced and exciting’ financial services hub

1 Jul 2021

Finance | Legal updates: July 2021

In this month’s legal updates, Sophie Brookes, partner at Gateley plc, examines the ruling in TP Icap over disclosures in share sale agreements, disputed parties to a contract over Ferrari sale and changes coming for directors of dissolved companies

1 Jul 2021

Finance

Financial Reporting

Law and Regulation

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| Strengthening corporate governance should be a priority says OECD

The OECD calls on all nations to strengthen their corporate governance framework and policies to help create a well-functioning capital market, to tackle the challenges posed by the covid-19 pandemic, and aid it in its recovery

1 Jul 2021

Finance | Rishi Sunak announces £15bn green finance plan

At Mansion House this morning, Chancellor Rishi Sunak announced his plans to transform the UK into a green finance hub with £15bn investment into environmentally friendly projects

1 Jul 2021

Tax | Calls for reform as thousands of savers caught in pensions tax trap

The amount of tax charged for people breaching the lifetime allowance (LTA) and annual allowance (AA) limits rose to an eye-watering £283m for the tax year 2018 to 2019

1 Jul 2021

Tax | Tax for owner managed businesses – CPD module

In this month's exclusive Accountancy Daily CPD module, we cover a high level review of some of the tax issues for owner managed businesses (OMB) over their lifecycle, from the beginning, to expansion, exit or family succession planning

1 Jul 2021

Tax | VAT updates: July 2021

In this month’s VAT updates, Graham Elliott, explains the latest policy clarification on zero rating for foods, mixed messages over supply of electricity at charging points for electric cars and Poundland win over retail scheme dispute

1 Jul 2021

Tax

VAT

HMRC

Tax | Filing deadlines: July 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for quarter ended 31 May 2021

1 Jul 2021

Finance | IAS 37 and contingency reporting amidst Covid-19

Accounting under IAS 37, Provisions, Contingent Liabilities and Contingent Assets will have to consider the impact of covid-19 when preparing accounts, explain Steve Collings FCCA and Rachel Farris FCA, accounting and audit writer, Croner-i

30 Jun 2021

Business | 12 months on: Lessons we can learn from the Wirecard scandal

The Wirecard scandal is one of the biggest scandals to happen in the auditing industry for arguably the last decade. Simon Bittlestone, CEO of Metapraxis, delves into the scandal and discusses the lessons the industry has learnt

30 Jun 2021

Restructuring & Insolvency

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Business | UK to replace EU state aid rules on business bailouts and support

The UK government has announced new laws to replace EU rules on taxpayer-funded bailouts and business support, launching a subsidy system ministers say will help boost jobs and the economy

30 Jun 2021

Restructuring & Insolvency

Accountancy Firms

Law & Guidance

Image for hmrc branded phishing scams surge despite protections

Tax | HMRC-branded phishing scams surge despite protections

The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to the latest revealed figures

30 Jun 2021

Business | Covid loan fraud and error will cost UK taxpayers tens of billions, say MPs

Taxpayers will lose tens of billions of pounds to covid-19 support schemes because the government dropped basic fraud checks and rolled out the programmes in haste, a parliamentary report has claimed

30 Jun 2021

Tax | Business rates support to shrink for thousands of covid-hit firms

Thousands of businesses across the UK are preparing to restart property tax payments as the current £13.8bn business rates holiday is cut today

30 Jun 2021

Tax | Stamp duty holiday pushes 1.8m houses into a higher land tax bracket

Intense market activity over the last 12 months has accelerated house price growth, pushing 1.8m UK properties into a higher stamp duty bracket

30 Jun 2021

Business | KPMG launches partnerships with universities

The Big Four firm has launched the first of a number of business partnerships which aims to drive insight for clients and support the regional economic growth agenda

30 Jun 2021