Business &amp; Accountancy Daily

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Tax | Rank Group wins £80m VAT return case

The First Tier Tribunal ruled against HMRC and in favour of Rank Group plc on its claim to be refunded an estimated £80m of VAT paid on slot machine income between 2006 and 2013

15 Jul 2021

VAT

Case Reports

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Business | ECB project to assess launch of digital euro

The European Central Bank (ECB) is considering launching a digital euro and has started an in-depth analysis of the benefits, stating it would not compete with bitcoin

15 Jul 2021

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Business | Tiedemann acquires Holbein Partners LLP

Tiedemann Constantia, the international operations of Tiedemann, the US investment and wealth advisers for high net worth families, has acquired London-based multi-family office Holbein Partners LLP

15 Jul 2021

Careers

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Finance | Impairment of assets for small entities under FRS 102

Steve Collings FMAAT FCCA explains impairment accounting and disclosure for small entities applying FRS 102:1A and the impact on the balance sheet

14 Jul 2021

Tax | Call waiting time for HMRC hits 17 minutes

In the latest HMRC performance figures issued by the tax authority call waiting time has worsened with many callers waiting up to 17 minutes to get through to a tax official

14 Jul 2021

HMRC

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Business | Mazars appointed liquidator for Arcadia Group

Accounting firm Mazars has been named as liquidator for the Arcadia Group, owners of Topshop, which went into administration in late 2020

14 Jul 2021

Restructuring & Insolvency

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Business | Ex-director of disability charity jailed for £57k fraud

A man who set up a charity to help families of children with disabilities and serious illnesses has been jailed for fraud after stealing £57,000 from charity pot

14 Jul 2021

Called to Account

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| Big Four auditors dominate FTSE 350 as audit fees increase

Competition is growing slightly for audit business as challenger audit firms have grown their share of FTSE 250 audits, up from 4.8% to 7.6%, but fees have increased

14 Jul 2021

Corporate Governance

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Business | Employees will quit if not offered flexible working

Almost half, 47%, of employees surveyed from across the UK, would consider leaving their job post-covid-19 pandemic if they are not afforded some form of flexibility in where and when they work

14 Jul 2021

Image for rapson named frc head audit supervision

| Rapson named FRC head of audit supervision

The Financial Reporting Council (FRC) has appointed Sarah Rapson as executive director, supervision, with responsibility for audit standards and monitoring

14 Jul 2021

Corporate Governance

Leadership & Management

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Business | Firms with women in senior roles outperformed companies run by men

Companies with more women in top positions performed better than male-run companies by almost 40% and managed to make more money during the 15 months of the covid-19 pandemic

14 Jul 2021

Careers

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Business | Haines Watts reports 3% growth after pandemic

Accounting firm Haines Watts has reported a 3% like-for-like revenue growth for year end 2021

14 Jul 2021

Leadership & Management

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Tax | Making Tax Digital rollout under the spotlight

The rollout of Making Tax Digital may have slowed due to the pandemic but there is low awareness about the next stage covering landlords, small business and partnerships, warns Kevin McCallum, chief commercial officer at FreeAgent

13 Jul 2021

Making Tax Digital

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Tax | Use of offshore tax havens in Scotland up 60% in a decade

The number of companies registered in tax havens investing in Scotland over the last decade has increased by nearly 60%

13 Jul 2021

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Tax | Q&A: tax and employee ownership trusts

In our regular Q&A series, Croner Taxwise tax adviser Ibrahim Nalla examines the tax implications of setting up an employee ownership trust for a privately held company

13 Jul 2021

Tax Planning

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Tax | £5.5bn paid in fourth SEISS grants

The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant

13 Jul 2021

Tax | EU to postpone digital tax proposal

The European Commission has halted work on a proposed digital tax in a bid to increase the chances of reaching a global accord on corporation tax

13 Jul 2021

International Tax

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Business | TC Group merges with Bournemouth accountancy firm

Accountants and tax advisers TC Group has merged with Bournemouth accountancy group Paget Reid York

13 Jul 2021

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Tax | Businesses overpaid £11.5bn in corporation tax last year

Businesses claimed back £11.5bn in overpaid corporation tax from HMRC last year as covid-19 losses hit says UHY Hacker Young

13 Jul 2021

Business | Finch & Associates launches accountancy arm

The Clevedon-based tax consultancy firm Finch & Associates is expanding with the launch of an accountancy division

13 Jul 2021