Business &amp; Accountancy Daily

Image for brexit custom delays hit manufacturers

Business | Brexit custom delays hit manufacturers

One year since leaving the EU, two-thirds of manufacturing companies have reported that Brexit has moderately or significantly hampered their business, however optimism for growth has risen

10 Jan 2022

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Business | Sustainability board starts to recruit members

The IFRS Foundation trustees have started the search for up to 11 members for the newly formed International Sustainability Standards Board (ISSB)

10 Jan 2022

Careers

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Business | Third of CFOs prioritise investment

Over a third of CFOs stress that investment is a strong priority for their businesses in the next 12 months with a majority planning to spend on digital technology and upskilling the workforce

10 Jan 2022

Business | Over half of businesses set to increase prices

Three out of five companies expect to increase their prices in the next three months due to the continuing supply chain disruption, soaring inflation, and rising energy costs

10 Jan 2022

Tax | 1.25m to be pulled into 40% tax bracket

More than 1m people are set to be pulled into the higher rate tax band by 2026 under the Treasury’s plan to freeze income tax thresholds

7 Jan 2022

Business Tax

Personal Tax

Image for probate fee increases take effect three weeks

Tax | Probate fee increases to take effect in three weeks

Probate application fees in England and Wales will increase to £273 for both professional and personal applications, under an amendment to the Non-Contentious Probate Fees Order 2004

7 Jan 2022

Tax | Capricorn Energy settles £780m Indian tax dispute

Capricorn Energy plc, formerly Cairn Energy, has come to an agreement with the Indian government over a long-standing tax dispute

7 Jan 2022

International Tax

Tax Compliance

Image for frc investigates macintyre hudson audit mrg

| FRC investigates MacIntyre Hudson audit of MRG

The Financial Reporting Council (FRC) has launched an investigation into the audits conducted by MacIntyre Hudson LLP of the financial statements of MRG Finance UK plc

7 Jan 2022

Corporate Governance

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Tax | Government under pressure to delay NICs hike

More pressure has been put on the government to halt the National Insurance Contributions (NICs) increase amid the rising cost of living and surging energy prices

7 Jan 2022

Business Tax

Personal Tax

Image for people news bdo kpmg gerald edelman azets

Business | People in the news: BDO, KPMG, Gerald Edelman, Azets

In this week’s accountancy career moves, partner promotions at KPMG, PwC, BDO, Gerald Edelman, Mazars and Moore Kingston Smith, promotions at Azets, Thomas Westcott and PKF Smith Cooper

7 Jan 2022

Careers

Leadership & Management

Image for board reshuffle pwc sees hinton move head tax

Business | Board reshuffle at PwC sees Hinton move to head of tax

PwC UK has announced changes to the leadership of its core business divisions and management board effective from 1 January 2022

7 Jan 2022

Leadership & Management

Image for rules vat reclaims charging electric vehicles updated

Tax | Rules on VAT reclaims on charging electric vehicles updated

HMRC has clarified guidance on VAT reclaims on electricity for charging electric vehicles although it is still reviewing how employees can make claims on domestic charging

7 Jan 2022

Business | £6k business grants for covid support released

Businesses can now apply for a financial grant worth up to £6,000 from the £635m support package given to local councils to support those most affected by the Omicron variant of Covid-19

7 Jan 2022

Tax | Facing an HMRC investigation

HMRC compliance activity traditionally takes the form of a statutory enquiry which can send shock waves through a firm. Danielle Ford, head of tax disputes and resolutions, and Riocard Hoye, senior manager, haysmacintyre, consider disclosure notices and penalties

6 Jan 2022

HMRC

Tax Compliance

Image for essentials tax and property market

Tax | Essentials: tax and the property market

As we head into 2022, Tim Walford-Fitzgerald, partner at HW Fisher shares his expectations for the property market and the six major tax considerations you need to be aware of

6 Jan 2022

Tax | HMRC defers late self assessment fines to end February

HMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively delaying the tax return deadline to 28 February

6 Jan 2022

Business | Digital right to work checks to be made permanent

The government has confirmed that a permanent system of digital right to work checks will be put in place from 6 April 2022

6 Jan 2022

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Business | Businesses need tax and trade skills for growth

Businesses believe that they will need skills in finance, trade, and taxation to help them navigate business growth over the next 20 years

6 Jan 2022

Business | Tax debt could become director liability at bankrupt companies

Under powers set out in Finance Act 2020, directors of insolvent companies could find themselves liable for accumulated tax debts for up to five years

6 Jan 2022

Restructuring & Insolvency

Image for tax rules business lunches not straightforward

Tax | Tax rules on business lunches not straightforward

Businesses are being urged to learn and understand the rules around tax breaks on business lunches to avoid unwelcome tax bills

6 Jan 2022

Business Tax

Image for mha moore and smalley expands manchester office

Business | MHA Moore and Smalley expands Manchester office

MHA Moore and Smalley has doubled the space of its Manchester office as it plans to grow its staff and client base in 2022

6 Jan 2022