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Finance | Accounting for share-based payments under IFRS 2

Sarah Baxendale FCA sets out the key considerations for applying IFRS 2 Share-based payment, particularly when determining whether arrangements should be treated as equity-settled or cash-settled

5 Jan 2022

| Local audit deadline extended to tackle late filing

The government is responding to poor performance in the local and public body audit sector with plans to address the long-running failure to complete audits on time

5 Jan 2022

Auditing

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Finance | Mazars fined £250k for unnamed local audit failures

The Financial Reporting Council (FRC) has fined Mazars £250,000 for the audit of an unnamed local authority’s 2019 financial statements

5 Jan 2022

Auditing

Corporate Governance

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Business | EY to open hybrid working office in Reading

EY plans to relocate to new office space in Reading, which has been designed to facilitate the firm’s new hybrid working model

5 Jan 2022

Business

Accountancy Firms

Careers

Leadership & Management

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Tax | Filing deadlines: January – March 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from payment dates for corporation tax instalments to deadlines for amending personal, trustee and partnership tax returns

5 Jan 2022

Tax

HMRC

Tax Compliance

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Tax | CPD module: Making Tax Digital for Income Tax

In this month's exclusive Accountancy Daily CPD module, we look into Making Tax Digital (MTD) for income tax self Assessment (ITSA) focusing on the changes and how to prepare for the next phase of MTD for ITSA once it goes live

5 Jan 2022

Tax

Business Tax

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Business | Three of the Big Four make New Year's honours list

KPMG, Deloitte, and PwC have been awarded on the New Year’s Honours list alongside a plethora of HMRC and Treasury staff for their work during the Covid-19 pandemic

4 Jan 2022

Leadership & Management

Tax | VAT updates: January 2022

In this month’s VAT updates, Graham Elliott examines key VAT rulings in Mandarin case over evidence for place of supply, supplementary claims at Cambria Automobiles et al and VAT exemption for religious retreat fails

4 Jan 2022

Tax

VAT

Case Reports

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Tax | Court writes off £54k in penalties due to ‘tax ignorance’

The Court upholds HMRC’s decision to issue a tax notice of £90,393 to a company but downgraded the £61,163 penalties as it was ‘careless’ and not deliberate

4 Jan 2022

Tax

Business Tax

Case Reports

Finance | Legal updates: January 2022

In this month’s legal update, Sophie Brookes, partner at Gateley, examines the meaning of an ‘all reasonable endeavours’ clause, changes to the LSE Listing Rules and new procedure to report PSC discrepancies at Companies House

4 Jan 2022

Finance

Law and Regulation

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Business | One in three firms threatened by late payment

The Federation of Small Businesses is warning that a third of small firms have been affected by poor payment practices in recent months as large corporates fail to pay bills on time

4 Jan 2022

Business

Companies

Accountancy Firms

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Tax | HMRC fraud squad recovers £1bn from tax evaders

HMRC's Fraud Investigation Service has recovered more than £1bn from the proceeds of crime and tax offenders since the formation of a specialist fraud squad five years ago

4 Jan 2022

Tax | 31k tax returns filed over Christmas

Between Christmas Eve and Boxing Day HMRC saw 31,271 self-assessment tax returns for 2020-21 submitted

4 Jan 2022

Tax

Personal Tax

HMRC

Business | Called to account roundup for 2021

In this year’s round-up of our called to account series we feature the biggest cases of the last year that include an accountant jailed for fraudulent VAT claims, director banned for stealing £1.7m to buy horses, and a takeaway boss jailed after claiming tax law ignorance

24 Dec 2021

Business

Called to Account

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Finance | Year-end accounts: reporting on Covid and Brexit

Rachel Farris FCA CTA and Sarah Baxendale FCA of Croner-i look at 2021 year-end reminders for those preparing and auditing accounts in the UK, including the impact of Covid and Brexit, and key amendments under IFRS and UK GAAP

24 Dec 2021

Finance | How to file dormant company accounts

With year end approaching it is important to remember that dormant company accounts need to be filed, explains Rachel Roberts, head of compliance and enforcement, Companies House

24 Dec 2021

Finance

Financial Reporting

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Tax Services

Latest news

Finance | Accounting for share-based payments under IFRS 2

| Local audit deadline extended to tackle late filing

Finance | Mazars fined £250k for unnamed local audit failures

Business | EY to open hybrid working office in Reading

Tax | Filing deadlines: January – March 2022

Tax | CPD module: Making Tax Digital for Income Tax

Business | Three of the Big Four make New Year's honours list

Tax | VAT updates: January 2022

Tax | Court writes off £54k in penalties due to ‘tax ignorance’

Finance | Legal updates: January 2022

Business | One in three firms threatened by late payment

Tax | HMRC fraud squad recovers £1bn from tax evaders

Tax | 31k tax returns filed over Christmas

Business | Called to account roundup for 2021

Finance | Year-end accounts: reporting on Covid and Brexit

Finance | How to file dormant company accounts