The Insolvency Service plans to review some aspects of the creditors’ voluntary liquidation (CVL) process to make the process more transparent and consistent
The IFRS Foundation and Chartered Professional Accountants of Canada (CPA Canada) has signed a deal to open an Americas base in Montreal for the International Sustainability Standards Board (ISSB)
Whether a taxpayer is making a lifetime transfer or an item is in their death estate, the related property rules must be considered and there are potential tax traps, warns Meg Saksida
The Court has ruled that mistakenly paid VAT of £1.7m by the Mayor’s Office for Policing and Crime could not be repaid by HMRC as the police department would be ‘unjustly enriched’
From 6 April 2022, over 1,300 of the largest UK-registered companies, LLPs and financial institutions will have to disclose climate-related financial information on a mandatory basis
The Financial Reporting Council (FRC) plans to consult on possible amendments to UK GAAP in September following a series of roundtables with stakeholders
The IFRS Foundation has reported a loss before tax of £354,000 for 2021 against a profit of £2.91m in 2020 as a result of recognising a deferred tax charge
The former owner of Norton Motorcycles has been given a suspended prison sentence for illegally investing pension schemes’ money into his business as it faced financial problems
The court has ruled that flapjacks cannot be classed as cakes which means they are subject to standard rate VAT and due to this the company is not entitled to credit on input tax
Grant Thornton UK LLP has reported net revenue growth of £543m as income increases 15% for year end 31 December 2021, boosted by strong consulting fees
The Financial Reporting Council (FRC) has published its three-year plan which sets out the FRC’s plans for establishing the Audit, Reporting and Governance Authority (ARGA) in 2023
The new tax year starts on 6 April with a number of tax changes that will affect personal finances. As the 2021-22 tax year draws to a close, Stevie Heafford, tax partner at HW Fisher outlines the 10 key changes
In this week’s Q&A, Croner Taxwise VIP advisor, Elaine Wood, considers the tax implications of personal contributions, claiming relief, and the lifetime and annual allowance charges
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