The revenue raised from VAT has hit its fifth highest consecutive month collecting over £50bn more than the previous year while the take for April 2021 to February 2022 was £61.3bn higher
In this week’s Q&A, David Smith, VAT adviser at Croner Taxwise, explains the new digital reporting requirements for all VAT registered businesses from April under Making Tax Digital rules
The US Securities and Exchange Commission (SEC) has proposed rule changes that would require listed companies to include certain climate-related disclosures in their registration statements and periodic reports
The Charity Commission has wound up and disqualified one of the former trustees of an animal charity after an official inquiry found serious financial misconduct
Accountancy firms set up as partnerships need to consider retirement when writing partnership agreements to avoid potential disputes in light of Parr case, explain Lydia Danon, partner and Andrew Flynn, associate at Cooke, Young & Keidan LLP
The Upper Tribunal has fined AML Tax £150,000 for failing to comply with formal information notices issued as part of HMRC’s investigation into the firm’s £3.3m tax avoidance case
An estimated £13bn of the national insurance increase will be lost due to lower levels of economic growth over the next 10 years, according to research by the TaxPayers’ Alliance (TPA)
After the spate of fraud related to bounce back loans, the Treasury has confirmed that all companies which used the Covid Corporate Financing Facility scheme have now repaid their loans
The Charity Commission has frozen the bank account of a grant-making charity after three of its founding trustees were made subject to financial sanctions
The social element of environment, social, governance (ESG) reporting is a critical part of the mix to give insight into employment trends but is it meeting expectations, asks Rachel Kay, researcher, High Pay Centre
The court has ruled against former Scottish footballer and coach Neil McCann’s £190,000 IR35 tax appeal deciding that his services fell under ‘employment contracts’
In this week’s career moves, partner promotions at EY, UHY Hacker Young, Simmons Gainsford and UNW, audit chief for Bank of London and first local audit head for FRC
Tax rises are the new normal says the IFS with its research showing that over two years, the government introduced the same level of tax hikes as Tony Blair's Labour did across 10 years
UK business groups have described the Bank of England’s interest rate rise as ‘ill timed’ as it will only pile on more pressure to SMEs already struggling with debt repayment burdens