Business &amp; Accountancy Daily

Personal Tax

Image for hmrc targets less 1 crypto investors

Tax | HMRC targets less than 1% of crypto investors

HMRC contacted less than 1% of UK cryptocurrency investors about their potential capital gains tax liability last year

17 Mar 2022

HMRC

Business | Interest rates increased to 0.75%

The Bank of England (BoE) has increased interest rates from 0.5% to 0.75% in the third rise in as many months

17 Mar 2022

Accountancy Firms

Image for mcdonalds accused avoiding ps295m tax

Tax | McDonald’s accused of avoiding £295m in tax

The charity War on Want claims that McDonald’s has not paid around £295m in tax over the last 10 years and calls on HMRC to launch an investigation into the fast food giant

17 Mar 2022

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| Internal audit teams invest in data analytics

The majority of senior internal audit leaders and their teams have completed or are currently undertaking initiatives to transform their internal audit function

17 Mar 2022

Finance | Limited liability partnerships (LLP) SORP for 2022

Following the release of the latest LLPs SORP, Kate Beeston ACA from Croner-i and Janet Milligan ACA from the LLP SORP steering group set out the key changes and the practical impact for preparers and auditors of limited liability partnership accounts

16 Mar 2022

Finance

Accounting Standards

Financial Reporting

Image for eu blocks minimum corporate tax deal

Tax | EU blocks minimum corporate tax deal

Poland, Sweden, Estonia, and Malta have voted against a French proposed compromise on the introduction of a minimum global corporate tax rate in the EU

16 Mar 2022

International Tax

Image for economic crime act creates property register

Business | Economic Crime Act creates property register

New rules will create a register of overseas owners of UK property to improve transparency and highlight potential risks of money laundering

16 Mar 2022

Law & Guidance

Business | FTSE 100 companies hit boardroom diversity targets

Almost all FTSE 100 boards have appointed at least one minority ethnic member in time to meet the targets of the government’s Parker boardroom review

16 Mar 2022

Image for azets sets sights accountancy hires yorkshire

Business | Azets sets sights on accountancy hires in Yorkshire

Accountancy and business advisory firm Azets plans to create 100 jobs across its Yorkshire offices to drive its growth plan

16 Mar 2022

Accountancy Firms

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Tax | Making Tax Digital for VAT – subsidiary reporting

As the extension to Making Tax Digital (MTD) for VAT comes into force on 1 April, Russell Gammon, chief solutions officer at Tax Systems, explains the implications for subsidiaries

15 Mar 2022

Finance | Internal audit body slates lack of progress on audit reform

The delay to the publication of a timetable for audit reform has forced the Chartered Institute of Internal Auditors to write to the Prime Minister calling for urgent action

15 Mar 2022

Corporate Governance

Accounting Consultations

Accountancy Firms

Image for bounce back loan scheme indefensible claims agnew

Business | Bounce back loan scheme indefensible, claims Agnew

The bounce back loan scheme was mismanaged by the British Business Bank while lenders were slow to implement adequate fraud checks Lord Agnew told MPs today

15 Mar 2022

Image for court rejects ps32m claim film scheme not trading

Tax | Court rejects £3.2m claim as film scheme not trading

A partnership set up to exploit film development costs has lost an appeal at the First Tier Tribunal (FTT) after claiming that it was carrying on a trade

15 Mar 2022

Case Reports

Image for 570k scams hit self assessment taxpayers hmrc warns

Tax | 570k scams hit self assessment taxpayers, HMRC warns

HMRC is warning self assessment taxpayers to be on their guard following the tax return deadline after more than 570,000 scams were reported to HMRC in the last year

15 Mar 2022

Personal Tax

HMRC

Image for ditch super deduction tax break says fsb chair

Business | Ditch super deduction tax break says FSB chair

The new national chairman of the Federation of Small Businesses (FSB) Martin McTague says the Chancellor should ignore calls to extend the super deduction tax break ahead of the Spring Budget

15 Mar 2022

Image for corporate insolvencies remain stable so far

Business | Corporate insolvencies remain stable so far

The number of corporate insolvencies has remained stable with February 2022 recording 1,515 which is a similar level to January’s 1,560

15 Mar 2022

Restructuring & Insolvency

Image for appg launches loan charge impact inquiry

Tax | APPG launches loan charge impact inquiry

MPs on the Loan Charge and Taxpayer Fairness APPG have set up a further call for evidence to examine the ongoing impact of the loan charge

15 Mar 2022