Business & Accountancy Daily | Business & Accountancy Daily

Latest news

Image for income tax internationally mobile employees special arrangements part 2

Tax | Income tax for internationally mobile employees - special arrangements - part 2

Martin Jackson, employment tax writer at Croner-i, gives an overview of the special tax arrangements that employers may enter into with HMRC, to help reduce compliance issues when dealing with internationally mobile employees

22 Sep 2021

Business | Derby County kicked into administration

Andrew Hosking, Carl Jackson and Andrew Andronikou, managing directors at business advisory firm Quantuma, have been appointed joint administrators of Derby County Football Club

22 Sep 2021

Business

Restructuring & Insolvency

Image for economic crime levy will hit accountancy firms

Finance | Economic crime levy will hit accountancy firms

In a bid to increase funding to tackle economic crime and money laundering, the government plans to introduce an economic crime levy, payable by businesses and partnerships

22 Sep 2021

Tax | Over 55s risk exceeding drawdown pension allowance

The very low limit on the money purchase annual allowance (MPAA) means that many pension savers are at risk of receiving unwanted tax bills by overpaying into their pensions, warns Aegon

22 Sep 2021

Business | Director jailed for £250k VAT fraud

A company director has been jailed for fraudulently claiming £251,499 in VAT repayments for windows

22 Sep 2021

Business

Called to Account

Image for brighthr launches free ai driven hr tool

Business | BrightHR launches free AI driven HR tool

BrightHR, the international HR software and support service, has launched the first real-time, HR support and compliance artificial intelligence (AI) platform for business owners

22 Sep 2021

Finance | More than £1bn in state pensions underpaid

It is estimated that the 134,000 people have not been paid up to £8,900 in state pension payments due to outdated IT systems and ‘repeated human errors’ made by the Department for Work and Pensions (DWP)

22 Sep 2021

Business

Pensions

Image for hmrc consults property developer tax rules

Tax | HMRC consults on property developer tax rules

HMRC has launched a consultation on draft legislation for the residential property developer tax (RPDT), which is part of remediation for cladding removal, ahead of its inclusion in the Finance Bill

22 Sep 2021

Tax

Property Tax

HMRC

Image for qa reduced rate vat set change

Tax | Q&A: reduced rate of VAT set to change

In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain reviews changes to the temporary reduced rate of VAT for supplies of catering, holiday accommodation and admissions to attractions from 1 October

21 Sep 2021

Tax | HMRC clarifies rules on VAT One Stop Shop returns

HMRC has issued detailed guidance on EU VAT payments and compliance with the One Stop Shop (OSS) returns process, which comes into effect from 1 October

21 Sep 2021

Tax

VAT

Tax Compliance

Image for financial controller jailed ps719k fraud

Business | Financial controller jailed for £719k fraud

A financial controller has been jailed after claiming £719,000 of fraudulent VAT claims through his company and moving the money into his bank account over seven years

21 Sep 2021

Business

Called to Account

Image for cdsb consults biodiversity reporting framework

Finance | CDSB consults on biodiversity reporting framework

The Climate Disclosure Standards Board (CDSB) has launched a consultation on its latest biodiversity application guidance, setting out six core reporting priorities

21 Sep 2021

Finance

Financial Reporting

Image for court rules property loan was liable ps18k tax

Tax | Court rules property loan was liable for £18k tax

The Court has found that a company’s payment to its sole owner of profits made on a property sale was not deductible as a loan and was liable for £18k tax

21 Sep 2021

Finance | Cyber attacks and financial liquidity biggest risk for auditors

The threat of cyber attacks, data security and financial stability are top priorities for internal auditors, with climate change well down the list of key risks and concerns

21 Sep 2021

Auditing

Corporate Governance

Image for businesses pay back ps13bn furlough

Business | Businesses pay back £1.3bn of furlough

Businesses have paid back £1.3bn worth of furlough cash with £300m returned in the last three months alone official statistics reveal

21 Sep 2021

Business

Companies

Image for tax take increases ps847bn pandemic recedes

Tax | Tax take increases £84.7bn as pandemic recedes

Between April and August 2021 HMRC collected £280.4bn worth of tax which is £84.7bn more than this period last year as the economy began to recover post pandemic

21 Sep 2021

Tax | Is a wealth tax the way to pay for the pandemic?

Harriet Murray, senior associate at Hunters Law, questions whether a one-off wealth tax would be effective or simply lead to more complex tax planning

20 Sep 2021

Tax

Personal Tax

Image for expat landlords miss tax payments buy let property

Tax | Expat landlords miss tax payments on buy-to-let property

UK expats who own a buy-to-let property in the UK are continuing to approach HMRC to admit they have evaded tax, says UHY Hacker Young

20 Sep 2021

Tax | Professional referees lose £584k in IR35 case

The court has ruled in favour of HMRC finding that the lower courts had ‘erred’ in their judgment allowing HMRC to pursue £584,000 in back taxes in the PGMOL IR35 case

20 Sep 2021

Business | Administrators appointed at Barrow & District Credit Union

James Sleight and Peter Hart of PKF GM have been appointed as joint administrators of Barrow & District Credit Union Limited

20 Sep 2021

Business

Restructuring & Insolvency

Image for insolvencies highest first lockdown

Business | Insolvencies at highest since first lockdown

Last month there were 1,348 registered company insolvencies, the highest since the first UK lockdown in March 2020 according to figures from the Insolvency Service

20 Sep 2021

Business

Companies

Restructuring & Insolvency

Image for hmrc sends nudge letters non doms over unpaid tax

Tax | HMRC sends ‘nudge’ letters to non-doms over unpaid tax

HMRC is targeting wealthy non-domiciled individuals by sending ‘nudge’ letters to those who may not have failed to declare and pay the annual remittance basis charge

20 Sep 2021

Tax

Business Tax

HMRC

Navigate

Tax Services

Latest news

Tax | Income tax for internationally mobile employees - special arrangements - part 2

Business | Derby County kicked into administration

Finance | Economic crime levy will hit accountancy firms

Tax | Over 55s risk exceeding drawdown pension allowance

Business | Director jailed for £250k VAT fraud

Business | BrightHR launches free AI driven HR tool

Finance | More than £1bn in state pensions underpaid

Tax | HMRC consults on property developer tax rules

Tax | Q&A: reduced rate of VAT set to change

Tax | HMRC clarifies rules on VAT One Stop Shop returns

Business | Financial controller jailed for £719k fraud

Finance | CDSB consults on biodiversity reporting framework

Tax | Court rules property loan was liable for £18k tax

Finance | Cyber attacks and financial liquidity biggest risk for auditors

Business | Businesses pay back £1.3bn of furlough

Tax | Tax take increases £84.7bn as pandemic recedes

Tax | Is a wealth tax the way to pay for the pandemic?

Tax | Expat landlords miss tax payments on buy-to-let property

Tax | Professional referees lose £584k in IR35 case

Business | Administrators appointed at Barrow & District Credit Union

Business | Insolvencies at highest since first lockdown

Tax | HMRC sends ‘nudge’ letters to non-doms over unpaid tax